EUR/CHF Technical Analysis

(1,2473) The EUR/CHF confirmed yesterday a session of consolidation interior Friday’s range forming a new inside day with 1,2505 – 1,2405 the levels to follow in the coming hours. A daily closing above 1,2505 will support a retest of the previous top at 1,2570 area! The indicators of the daily chart are still well positive as well as those of the weekly one where the closing on Friday was also strong. The indicators of the s/t charts are mixed this morning suggesting some consolidation/ correction. Only an hourly closing below 1,2435 will support lower levels; while above we expect an extension toward 1,2559!! We stay on the sideline

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