(1,2300) The EUR/CHF confirmed a weak closing below the support of the inside day suggesting further weakness with now the 200 days line at 1,2203 the possible attraction. The indicators of the daily chart are still well negative and closing down here tonight will turn negative also those of the weekly one. The indicators of the s/t charts mixed at the moment suggesting some consolidation/ correction. Bullish divergences in the hourly chart confirm still a negative tone. Only an hourly closing above 1,2320 will however support a correction! We bought some EUR/CHF at 1,2300 as suggesting. We are looking for a rebound toward the 200 hours line, now found at 1,2422 to sell it!
Read the full report: EURCHF 06.07
Future Trend
