(1,2062) EUR/CHF is still consolidating below the 200 hours line today at 1,2063; the holding of this line will favour further weakness, scenery supported by the negative reversals in the hourly chart. In the hourly chart we have a potential reversed S_H_S formation with the neck line at 1,2063!! The indicators of the daily chart are still well negative but showing potential positive reversals and now also oversold conditions. Those of the s/t charts are still mixed suggesting further consolidation/ pressure. We remain on the sideline but overall expect a firm rebound.
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FUTURE TREND RESEARCH