1,6150. 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 consolidation should continue. The price should continue to move in 1,6110 / 1,6160 range. If the support is broken then the target will be 1,6025 (125 pips).
We are waiting for a break of support to take a short position.
1,6160 - 1,6215
1,6110 - 1,6025