The USD/CHF formed a negative day reversal but only a daily closing below 0,9018 will confirm a s/t top suggesting again lower levels.
The indicators of the daily chart are however still positive while those of the s/t ones remain mixed for now supporting further consolidation/ correction. Only an hourly closing below 0,9018 will support a deeper correction with the 200 hours line at 0,8937 the possible attraction.
The indicators of the hourly chart are below the line and the price action is suggesting we have a potential S_H_S formation with the neck line at 0,9055; while below this level on an hourly closing we favour a little lower levels for the dollar but just as a correction!!
We remain on the sideline.
Click here to read the full report:
http://www.easyforexnews.net/wp-content/uploads/2011/11/USD-CHF-11..11.pdf
FUTURE TREND RESEARCH