(1,2065) EUR/CHF is confirming further consolidation. In the hourly chart we have still a potential reversed S_H_S formation with the neck line at 1,2085!! While above the 200 hours line at 1,2059 we favour higher levels. 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