(1,2448) The EUR/CHF confirmed another negative closing on Friday in the daily chart as well as in the weekly one where it formed a negative week reversal. Only a weekly closing next Friday below 124,07 will however confirm a s/t top!! The indicators of the daily chart are however still well positive as well as those of the weekly one. Only the indicators of the s/t charts turned negative suggesting further consolidation/ correction. possible rebounds should find resistance at the 200 hours line at 1,2481; while below this line we have to expect further weakness suggesting even a 1,23 undershooting!! We stay on the sideline.
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