EUR/CHF Technical Analysis

(1,2191) 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 1,2127!! While below the 200 hours line at 1,2212 on an hourly closing we expect this cross to remain under further pressure suggesting a break below 1,2165!! The indicators of the daily chart are still well negative while those of the s/t charts are still showing a mixed picture suggesting further consolidation with still a downside bias, scenery supported by negative reversals!! We stay on the sideline.

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