1,0316. USD CHF is in an downtrend directed by 15min exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CHF. The consolidation should continue. The price should find a support above 1,0280. If the support is broken then the target will be 1,0000. We won't take a position. The risk/reward ratio is too high to take a position..
1,0345 - 1,0420
1,0280 - 1,0240