(1,2173) The EUR/CHF is confirming further consolidation interior the inside day with 1,2225 – 1,2150 still the levels to follow in the coming hours. Only a daily closing below 1,2150 will support lower levels suggesting a retest of the 200 days line with a possible move toward 1,2012!! The indicators of the daily chart are still below the line as well as those of the weekly one after the weak weekly closing. The indicators of the s/t charts are instead mixed this morning suggesting some consolidation/ correction. Bullish divergences in the hourly chart support however a negative tone suggesting further pressure!! We expect further weakness!! We stay on the sideline.
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Future Trend Research