1,1093. USD CHF is in a consolidation after the last bullish movement. USD CHF moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CHF. The consolidation should continue. The price should find a resistance below 1,1120 / 1,1150. We won't take a position. The risk/reward ratio is too high to take a position..
1,1120 - 1,1150
1,1070 - 1,1060