(1,2272) The EUR/CHF confirmed a strong closing on Friday above the top of the previous session; only a daily closing tonight above 1,2277 will confirm a s/t bottom!! The indicators of the daily chart are still well positive as well as those of the weekly one suggesting further upside potential. the indicators of the s/t charts are also positive this morning suggesting some more upside potential. the move up we’re seeing should however be corrective. In fact in the hourly chart we have already a potential negative reversal situation with a possible target at 1,2176!! However, we prefer avoiding a short position for now. We stay on the sideline.
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