The EUR/CHF has formed a range bound channel that is clearly seen as flat Bollinger Bands lines and flat MACD.
The range is currently between two important camarilla daily pivots – D L4 and H4. 1.1420. A rejection from 1.1470 should target 1.1420. A bounce from 1.1420 should target 1.1470. Watch for reversal patterns to trade the bounce and/or rejection. If the range breaks next targets are 1.1390 for bears and 1.1492 for bulls. If it happens, traders should treat those trades as breakout trades. Watch for reactions at those levels and protect your profits once you are in a trade.
Many green pips,
Nenad Kerkez aka Tarantula FX