EUR/CHF Technical Analysis

(1,2399) The EUR/CHF confirmed the previous day’s closing while remaining interior Monday’s range forming a new inside day with 1,2500 – 1,2315 the levels to follow in the coming hours. The indicators of the daily chart are still in negative territory while those of the s/t ones are showing a mixed picture suggesting further consolidation. While below the 200 hours line at 1,2453 the cross will remain under some pressure suggesting further weakness. In the s/t only an hourly closing above 124,30 will postpone further weakness. We stay on the sideline waiting for stronger signals.

Read the full report: EURCHF 06.05

 

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