(1,2546) The EUR/CHF confirmed a strong closing above the top of the previous session but it failed to confirm one above the resistance of the inside day at 1,2560. Nevertheless we could well see an extension of the move up toward the previous top at 1,2650!! The indicators of the daily chart are still well positive and at the moment also those of the s/t ones are positive supporting further strength. The move up started forming bearish divergences in the hourly hart but also here we have potential negative reversals in the hourly chart suggesting a limited upside potential. only an hourly closing below 1,2520 will confirm a correction with the 200 hours line, now found already at 1,2492, the first attraction!! Also here we have a potential S_H_S formation but the neck line is found only at 1,2415!! We stay on the sideline.
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