(1,2272) The EUR/CHF confirmed a session of consolidation remaining interior Friday’s range forming a new inside day with now 1,2325 – 1,2240 the levels to follow in the coming hours!! A monthly closing at the present level will be positive. The indicators of the daily chart are however still well positive as well as those of the monthly one supporting further upside potential. The indicators of the s/t charts are however still showing a mixed picture supporting further consolidation/ correction. While below 1,2310 on an hourly closing we favour further weakness toward the 200 hours line, now found at 1,2245. This decline is corrective and a buying opportunity!! We stay on the sideline.
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