(1,2170) The EUR/CHF confirmed yesterday further consolidation interior the inside day with 1,2180 – 1,2125 still 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 still in negative territory but those of the s/t ones are positive this morning supporting further s/t strength. Since hours it is moving around the 200 hours line at 1,2171; a move above this line confirmed by a few hourly closing should favour further s/t strength suggesting a retest of the 1,22 level. In the hourly chart we have already potential negative reversals but we believe to be able to see a little higher levels in the s/t!! We stay on the sideline while following the inside day.
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Future Trend Research