EUR/CHF Technical Analysis

(1,2343) The EUR/CHF confirmed a negative closing after a retest of the 1,2320 area. The indicators of the daily chart closed the session below the line and also those of the s/t ones are in negative territory supporting further downside risk while below 1,2350, now resistance we could see a test of the 200 hours line at 1,2313. In the hourly chart we have already potential positive reversals; we suggest however waiting for lower levels before trying a long position for a possible 1,24 overshooting!! We stay on the sideline.

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