EUR/CHF confirmed also yesterday further consolidation interior the inside day with 1,2415 – 1,2270 still the levels to follow in the coming hours. Only a daily closing above 1,2415 will support higher levels suggesting a 1,25 overshooting.
The indicators of the daily chart are still well positive and this morning also those of the s/t ones are in positive territory supporting higher levels.
We need however an hourly closing above 1,2420 to confirm a resumption of the move up supporting a 1,2455 overshooting!
We remain on the sideline but expect higher levels, scenery that only a break below 1,2280 will be able to postpone!!!
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