EUR/CHF Technical Analysis

(1,2155) The EUR/CHF failed to confirm the positive day reversal remaining interior the range of the previous day forming a new inside day with 1,2180 – 1,2125 the levels to follow in the coming hours. A break of the resistance confirmed by a daily closing will favour higher levels probably also turning positive the indicators of the daily chart. The indicators of the daily chart are therefore still below the line for now while those of the s/t ones are mixed suggesting further consolidation. Only an hourly closing above the 200 hours line at 1,2170 will support higher levels!! While below the risk is still on the downside!! We stay on the sideline.

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