(1,2312) The EUR/CHF formed on Friday a negative outside day with a weak closing. The weekly and monthly closings were also negative suggesting further possible pressure on this cross. The indicators of the daily chart are still well negative as well as those of the weekly one supporting lower levels. Those of the monthly chart are instead still above the line. The indicators of the s/t charts are mixed suggesting further consolidation for now. The tone is however negative and potential negative reversals are supporting lower levels toward 1,2265!! We stay on the sideline while waiting for stronger signals!
Read the full report: EURCHF 09.02
Future Trend