EUR/CHF is still well bid above 1,2350 that on Friday has been tested with even an undershooting before closing again around the 1,24 level. The weekly closing was instead positive while remaining interior the range of the previous week!
The indicators of the daily chart are still well positive and also those of the weekly one are above the line supporting further upside potential. The indicators of the s/t charts are also positive this morning supporting further strength. Only an hourly closing above 1,2445 will however support higher levels confirming a break out of the symmetrical triangle we are in since some time now.
We remain on the sideline waiting for stronger signals.
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FUTURE TREND RESEARCH