EUR/CHF Technical Analysis

(1,2105) EUR/CHF confirmed a weak closing below the low of the previous negative day reversal suggesting we have already a s/t top. A possible closing tonight below 1,2084 will suggest a return toward 1,2050/40!! The indicators of the daily chart are however still well positive but those of the s/t ones turned all below the line supporting further consolidation/ correction. In the hourly chart we have already oversold conditions showing also potential positive reversals. We suggest however waiting for a 1,2070 undershooting before trying a long position for a possible return above 1,2100. We stay on the sideline.

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