(1,2345) The EUR/CHF is confirming further strength already testing the 1,2350 area. Possible at this point a direct move toward March high below 1,24. The indicators of the daily chart are still well positive but already a little overbought, especially in the faster RSI and however showing potential negative reversals. The indicators of the s/t charts are also positive and well overbought suggesting a limited upside potential. Bearish divergences in the hourly chart still confirm a positive tone. We stay on the sideline for now but would like to sell also because the slope of the present move up is getting very steep. However prefer waiting, avoiding therefore a possible surprise!!
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