EUR/CHF confirmed a weak closing last night below the 1,2350 level supporting now a possible drop toward the 200 days line, now found at 1,2197.
The indicators of the daily chart have now turned below the line and also those of the s/t ones are in negative territory supporting lower levels. In the hourly chart we have however oversold conditions showing also a potential positive reversals situation.
We suggest waiting for a possible drop into the gap up area 1,2265 – 1,2230 to buy for a 1,25 overshooting!!
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FUTURE TREND RESEARCH