(1,2242) The EUR/CHF confirmed an extension of the corrective rebound managing a strong closing on Friday after a test just below 1,23. The weekly closing was positive forming a positive week reversal; however we have to add that the closing was below the opening, therefore not so strong!! The indicators of the daily chart are still well negative but those of the weekly one remain positive. The indicators of the s/t charts are instead mixed suggesting further consolidation/ correction. The move up sent overbought the indicators of the hourly chart showing also a negative reversal suggesting a s/t target at 1,2108!! We missed to sell this cross.
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Future Trend Research