(1,2434) The EUR/CHF confirmed a weak closing below the low of the negative day reversal suggesting further possible weakness and this could favour a retest of the 1,2330 area!! The indicators of the daily chart are however still well positive but those of the s/t ones are below the line for now suggesting further consolidation/ correction. Yesterday’s drop brought the cross below the support line, now resistance at 124,45; while below this level on an hourly closing we expect a test below 1,24 suggesting a retest of last week’s low at 1,2330!! We stay on the sideline.
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Future Trend Research