1,1034. USD CHF is in an downtrend directed by 4H exponential moving averages. USD CHF is in a consolidation after the last bearish movement. The price is just bellow 1,1050 resistance. The volatility decreases. Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. 1H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CHF. The consolidation should continue. The price should continue to move in 1,0840 / 1,1050 range. We won't take a position. The risk/reward ratio is too high to take a position..
1,1040 - 1,1080
1,0970 - 1,0840