(1,2370) The EUR/CHF is also extending the correction suggesting a test of the resistance line at 1,2410. A possible daily closing tonight above 1,2370 will confirm a double bottom at 1,2255 suggesting a new test on the upside probably breaking above 1,2410!! The indicators of the daily chart are however still negative but those of the s/t ones are well positive supporting further strength. In the hourly chart we have however overbought conditions and potential negative reversals. For this reason we expect the upside to be limited. We sell a 1,2410 overshooting putting a stop above 1,2465!!
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Future Trend Research