1,0340. USD CHF broke 1,0370 support. USD CHF is in a consolidation after the last bearish movement. 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 downtrend should continue to gather momentum. The target is expected at 1,0200.
=> We could take a short position at 1,0340. We will put the stop loss above 1,0375 (-35 pips). The targets are 1,0260 (+80 pips) 1,0200 (+140 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
1,0370 - 1,0390
1,0320 - 1,0260