(1,2407) The EUR/CHF confirmed a negative closing while remaining interior Friday’s range forming a new inside day with now 1,2470 – 1,2350 the levels to follow in the coming hours. The indicators of the daily chart are still well positive but those of the s/t ones turned already below the line suggesting some consolidation/ correction. While below 1,2420 on an hourly closing we expect an extension of the correction with the 200 hours line at 1,2315 the possible attraction. A possible decline should however find support already at 1,2380 before the strong 1,2350/ 40 support area. We stay on the sideline but a possible drop toward 1,2350 is a buying opportunity for a test of the 1,25 area!!.
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