EUR/CHF Technical Analysis

(1,2315) The EUR/CHF failed to confirm the positive day reversal suggesting further possible s/t pressure that could cause a retest of the 1,2260 area! The indicators of the daily chart are still well negative while those of the s/t ones still show a mixed picture suggesting further consolidation/ correction. Only an hourly closing above 1,2370 will resume the move up suggesting a retest of the 1,2450 area. A break below 1,2285 will favour a retest of the lows we saw already this week!

Click here to read the full report: EURCHF 02.08

 

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