(1,2290) The EUR/CHF confirmed another session of consolidation still remaining interior Friday’s range and inside day with 1,2305 – 1,2210 still the levels to follow in the coming hours. A daily closing above 1,2305 will favour further strength. The indicators of the daily chart are still well negative and only a strong closing well above 1,2305 will turn them up. The indicators of the s/t charts are positive, however showing a little overbought conditions. In the hourly chart the move up started however forming bearish divergences suggesting a change of the tone. Possible corrections should now find support at the 200 hours line, found today at 1,2239! We are close to the 1,23 area where we still expect good resistance because of the resistance line. We stay on the sideline but we suspect we’re going to see a 1,2305 overshooting today!!
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Future Trend Research