(1,2311) The EUR/CHF formed a positive day reversal but only a daily closing above 1,2330 will confirm a s/t bottom supporting a little higher levels. The indicators of the daily chart are still well negative while those of the s/t ones are showing a mixed picture supporting some consolidation /correction. Only an hourly closing above 1,2330 will however support higher levels move that we expect however to be corrective, at least for now. We stay on the sideline while still suggesting to buy a possible 1,2260 undershooting!
Read the full report: EURCHF 08.07
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