1,1099. USD CHF broke 1,1240 support. USD CHF is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CHF. The price should find a resistance below 1,1110 (11 pips). The downtrend should continue to gather momentum.
- 1,1110 - 1,1150
- 1,1020 - 1,0960