(1,2350) The EUR/CHF is consolidating interior Thursday’s negative outside day with 1,2450 – 1,2325 still the levels to follow in the coming hours/ session. The weekly closing was positive. The indicators of the daily chart are now at the line after having turned positive last week but those of the weekly chart are still below the line. The indicators of the s/t charts are mixed this morning supporting further consolidation. The drop back down toward the 200 hours line at 1,2341 is corrective and is showing potential positive reversals suggesting a possible target at 1,2474. While above the 200 hours line we expect therefore a resumption of the move up. We stay on the sideline!
Read the full report: EURCHF 08.19
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