EUR/CHF Technical Analysis

(1,2279) The EUR/CHF is confirming further consolidation interior the inside day with 1,2360 – 1,2270 still the levels to follow in the coming hours. There is however some pressure suggesting a possible break of the support suggesting a retest of the 1,2255 area!! The indicators of the daily chart are still well negative probably on the way to abort the suggested reversed S_H_S formation. The indicators of the s/t ones are also negative this morning suggesting further pressure. Only a return above the 200 hours line at 1,2324 will postpone further weakness!! We stay on the sideline but for the moment the scenery is remaining mixed.

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