EUR/CHF 11.8 Analysis

1,6595. EUR CHF is in an downtrend directed by 1hr 72EMA. The volatility is low. My trend incicators are in a bearish configuration. 1hr Double timeframed Stochastic indicate a bearish pressure on EUR CHF. The price should find a resistance below 1,6610. The downtrend should continue to gather momentum. The target is expected at 1,6550.

Resistances
1,6610 - 1,6640

Supports
1,6570 - 1,6550

6.22

Friday 22:45 EST- Pay attention to the pitch fork (3 green lines)or the channel, 23.6, 38.2 and the 50 fibo levels.

Price is on consolidation right now, wedge triangle will be sight if you zoom in the chart, Breach of 23.6 fibo, we will see 50 fibo level or lower channel soon. On the 4hr chart, we see a down trend is forming. On 1hr chart, hanging man candle formed 3 days ago.

Overall, it is a pretty good indication of a down move. Not an intraday trade, it might take days... .I'll report some updates later.