(1,2244) The EUR/CHF confirmed an extension of the corrective rebound suggesting a possible test of the 200 hours line at 1,2261. The monthly closing was negative however the cross remained interior the range of the previous month suggesting further consolidation. The indicators of the daily chart are still well negative but those of the monthly one are positive suggesting further upside potential. The indicators of the s/t charts are positive but already showing close to overbought conditions in the hourly chart as well as potential negative reversals. Still possible an extension toward the 200 hours line at 1,2261. We suggest waiting for a little higher levels before trying a short position.
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Future Trend Research