Overall sideways mode: The overall mode for EUR/CHF in the 4H chart is sideways. The flat 200-4H SMA and the fact the RSI has tagged 70 and now 30, suggests there is no clear direction. The most recent price action has been a bullish swing from 1.2218 up to 1.2465. That attempt to establish bullish momentum and trend failed as price fell back below a rising trendline from the 1.2218 low and pushed the 4H RSI below 30. Consolidation range: The 4H EUR/CHF chart also shows that price has been essentially in a range roughly between 1.2310 and 1.24. The “central pivot” of this range is around 1.2355. As we start the 7/26 ... (full story)