(1,2320) The EUR/CHF confirmed a weak closing below the support of the negative outside day at 1,2325 suggesting further downside risk. Possible a retest of the 200 days line at 1,2268. The indicators of the daily chart are now again below the line and also those of the s/t charts have turned negative supporting lower levels. The decline could however still be corrective and at the moment the hourly indicators are oversold while showing a potential positive reversal situation. We suggest however waiting for further confirmations!! Possible rebounds should find resistance at the 200 hours line at 1,2345!! We stay on the sideline!
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