(1,2325) The EUR/CHF confirmed a nice rebound after the drop yesterday below 1,2240 for a moment. At the end of the session it formed however a positive day reversal. Only a daily closing above 1,2336 will confirm a s/t bottom! Overall the cross is however still interior the inside day with 1,2400 – 1,2240 still the levels to follow in the coming hours!! The indicators of the daily chart are however still well negative but those of the s/t ones are in positive territory supporting further consolidation/ correction. Only an hourly closing above the 200 hours line at 1,2341 will however favour further strength!! The s/t scenery is negative suggesting another test lower!!
Read the full report: EURCHF 06.14
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