EUR/CHF is confirming what we suggested in the last few reports that the problem in Europe are not over yet. in fact it even drop below 1,2150 suggesting a possible 1,2100 undershooting. The monthly closing was negative forming a negative month reversal. Possible therefore a test of the 1,20 area but the BNS will probably show up already at 1,2100!!
The indicators of the daily chart are still in negative territory as well as those of the monthly one. The indicators of the s/t charts are at the moment also below the line supporting further weakness. We had already a few hourly closings below 1,2150 suggesting lower levels.
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FUTURE TREND RESEARCH