(1,2138) The EUR/CHF failed to confirm the positive day reversal remaining instead under further pressure suggesting a test of the 200 days line at 1,2130 where we expect decent support; a break below this line confirmed by a daily closing could be very negative for this cross suggesting even a retest of the 1,20 area!! The indicators of the daily chart are still well negative and this morning also those of the s/t ones are below the line supporting further weakness. Bullish divergences in the hourly chart still support a negative tone. Only an hourly closing above 1,2180, where we find today the 200 hours line, will postpone further weakness!! We stay on the sideline.
Click here to read the full report: EURCHF 04.04
Future Trend Research