(1,2383) The EUR/CHF confirmed a session of consolidation forming a new inside day with now 1,2430 – 1,2295 the levels to follow in the coming hours. A daily closing above 1,2430 will support a direct test of the key level at 1,2475! The indicators of the daily chart are still well positive with however a little overbought conditions but considering how long it was confirmed below 1,2100 it’s normal. The indicators of the s/t charts are instead mixed supporting further consolidation. An hourly closing above 1,24 will however confirm a positive reversal suggesting a new s/t target at 1,2571!! Only a break below 1,2330 confirmed by an hourly closing will postpone further strength!!
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Future Trend Research