(1,2197) The EUR/CHF confirmed a strong closing last night above the resistance of the inside day at 1,2195 supporting further upside potential. the closing confirmed also the previous day’s positive day reversal. The indicators of the daily chart are however still below the line but another strong closing tonight will turn them up supporting further strength. The indicators of the s/t charts are mixed at the moment suggesting some consolidation. In the hourly chart we have however a potential negative reversal situation that could start limiting the upside. For the moment we prefer however waiting and see how the cross will unfold in the coming hours. We stay on the sideline.
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Future Trend Research