1,6168. EUR CHF is in an downtrend directed by 1H exponential moving averages. EUR CHF is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR CHF. The downtrend should continue on 1,6100 (70 pips) support.
=> We could take a short position at 1,6170. We will put the stop loss above 1,6200 (-30 pips). The targets are 1,6130 (+40 pips) 1,6100 (+70 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
1,6180 - 1,6210
1,6130 - 1,6100