(1,2225) The EUR/CHF confirmed a weak closing last night favouring already a 1,2220 undershooting. We expect good support at 1,2210 before the 200 days line at 1,2150! The monthly closing was positive; however the cross is still interior the larger inside month with 1,2585 – 1,2060 the levels! The indicators of the daily chart are however still positive as well as those of the monthly one supporting a positive picture. The indicators of the s/t charts are mixed this morning; bullish divergences in the hourly chart confirm however a negative tone supporting further weakness. Possible rebounds should find resistance at the 200 hours line at 1,2262! We stay on the sideline.
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