(1,2084) The EUR/CHF is still confirming further consolidation interior the inside day with 1,2140 – 1,2065 still the levels to follow in the coming hours. Only a daily closing below 1,2065 will cause a retest of levels below 1,2050!! The indicators of the daily chart are still in positive territory while those of the s/t ones show a mixed picture suggesting further consolidation/ correction. The only change we had in yesterday’s session was a formation of bearish divergences in the hourly chart that could suggest a return of a more positive tone. While above the 200 hours line at 1,2079 we still favour a little higher levels suggesting a 1,2100 overshooting! We stay on the sideline.
Click here to read the full report: EURCHF 12.28
Future Trend Research