1,1106. 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 is low. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 1,1125 (19 pips). The downtrend should continue to gather momentum.
- 1,1125 - 1,1240
- 1,1025 - 1,0980