(1,2440) The EUR/CHF confirmed a negative closing but it failed to directly confirm the previous day’s negative day reversal. While above 1,2380 on a daily closing we expect further strength for a retest of the 1,2570 area! The indicators of the daily chart are still well positive but those of the s/t ones are mixed this morning suggesting further consolidation. We had yesterday the expected test of the 200 hours line before however returning above 1,24. An hourly closing above 1,2485 will confirm a positive reversal suggesting a s/t target at 1,2559!! Only a break below 1,2380 confirmed by an hourly closing will postpone further strength!! We stay on the sideline.
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