The pair is falling 40 pips, hitting a 12 months low at 1.4525 francs per euro. The price is clearing the lower band of Bollinger, indicating a possible correction to the middle band, while the 14 days RSI is clearly oversold. Below, the next support is at 1.4520, while the next resistance above is at 1.4565 francs per euro. On the four hours chart, the 50 days MA is over the price, while the Bulls are negative, showing signs of a short entry. According to the Ichimoku, the cloud confirms the bearish trend, while the 14 days MFI is clearly oversold.
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