EUR/CHF confirmed on Friday a session of consolidation interior Thursday’s positive range with therefore 1,2405 – 1,2240 the levels to follow in the coming hours/ session. Only a daily closing above 1,2405 will support higher level suggesting the still missing 1,25 overshooting!!
The indicators of the daily chart are still positive as well as those of the weekly one supporting higher levels. The indicators of the s/t charts are also positive but still showing a rather mixed picture suggesting therefore further consolidation. While below 1,2395 we could still see a return toward the 1,23 area where we find the 200 hours line, move that we expect to be corrective and a s/t buying opportunity!!
We wait for further confirmations while following the inside day!
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