(1,2372) The EUR/CHF confirmed on Friday another strong closing above the top of the previous day; the weekly closing was also strong above the previous week’s top. The indicators of the daily chart are well positive while those of the weekly one are still well above the line supporting further possible strength. The indicators of the s/t charts are instead mixed this morning after however having formed bearish divergences on the way up confirming a positive tone. While above 1,2350 on an hourly closing we expect therefore further strength suggesting a new 1,24 overshooting!! We stay on the sideline.
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Future Trend Research