1,1026. USD CHF is in an downtrend directed by 1H exponential moving averages. USD CHF is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CHF. The downtrend should continue on 1,0880 (140 pips) support.
=> We could take a short position at 1,1025. We will put the stop loss above 1,1060 (-35 pips). The targets are 1,0940 (+85 pips) 1,0880 (+145 pips) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
1,1050 - 1,1075
1,0975 - 1,0940