(1,2237) The EUR/CHF is confirming further consolidation interior the inside day with 1,2300 – 1,2155 still the levels to follow in the coming hours/ session. Only a possible break of the support will favour further weakness suggesting the test of the 200 days line at 1,2124!! While below the 200 hours line at 1,2257 we expect this cross to remain under further pressure. The indicators of the daily chart are still well negative while those of the weekly one closed on Friday just at the line. The indicators of the s/t charts are above the line this morning suggesting some upside potential toward the 200 hours line where we expect already good resistance. The move up is showing potential negative reversals but we suggest waiting before selling this cross as it missed to form clear bullish divergences on the last drop below 1,22!! We stay on the sideline.
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Future Trend Research