(1,2297) The EUR/CHF confirmed a very strong closing breaking above the resistance line that we had since the top at 1,2570. We could see further strength in the coming hours/ sessions!! The indicators of the daily chart have are now well positive as well as those of the s/t ones supporting higher levels. However, overbought conditions in the hourly and 4h charts could limit the upside favouring even a correction. Bearish divergences starting to get formed in the hourly chart supporting a positive tone. We stay on the sideline and for the moment avoid shorts.
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