(1,2300) The EUR/CHF formed a negative day reversal after the test of the 1,2350 level. Only a daily closing tonight below 1,2280 will however confirm a s/t top!! The indicators of the daily chart are still well positive but already showing a potential negative reversal after having formed bullish divergences on the way down. The indicators of the s/t charts are instead negative at the moment suggesting further consolidation/ correction. An hourly closing below 1,2280 will therefore support further weakness suggesting a return toward the 200 hours line, now found only at 1,2214!! We stay on the sideline also because we noticed that the decline already formed bullish divergences suggesting further downside risk.
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