(1,2370) The EUR/CHF formed a positive day reversal but only a daily closing above 1,2381 will confirm a s/t bottom. The weekly closing was instead weak, below the low of the previous week!! The indicators of the daily chart are still well negative but those of the weekly one are still above the line. The indicators of the s/t charts are also positive supporting further strength. Possible a move toward the 200 hours line at 1,2403, even a 1,2450 overshooting move that we suggest selling for a return below 1,24!! We sell a 1,2450 overshooting going even short. We put now a stop at 1,2328!!!!
Read the full report: EURCHF 06.10
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