(1,2152) The EUR/CHF confirmed another test of the 1,2130 area where again it found good support for now. The 200 days line is therefore limiting very well the downside for now. Overall the cross is consolidating interior an inside day with 1,2195 – 1,2120 the levels to follow in the coming hours. Only a daily closing above 1,2195 will support a resumption of a possible new move up!! The indicators of the daily chart are still well negative but those of the s/t ones returned above the line since last night suggesting some upside potential. Only an hourly closing above the 200 hours line at 1,2172 will however support higher levels, move that we still expect to be corrective and a selling opportunity for a possible drop below 1,21!! We stay on the sideline.
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Future Trend Research