(1,2350) The EUR/CHF confirmed another strong closing last night already extending its move up toward 1,2390. Only a daily closing above 1,2475 will however support higher levels suggesting a 1,25 overshooting with the 200 weeks line at 1,3214 the possible attraction. The indicators of the daily chart are still well positive forming bearish divergences. Those of the s/t ones are also positive but already a little too overbought. However if we consider that this cross just rallied by 2,5 % since the lows while the EUR/YEN moved by 20% since the middle of November there is still room on the upside, at least for a 1,25 overshooting!! We expect further upside potential.
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Future Trend Research