(1,2343) The EUR/CHF confirmed a positive closing and it is still trying to move higher but only a daily closing above 1,2350 will support further strength suggesting a new 1,24 overshooting! The indicators of the daily chart are in positive territory and this morning also those of the s/t ones are positive suggesting further upside potential. bearish divergences, however just around the 60% level, are suggesting a positive tone. The move above 1,2330 confirmed a double bottom around 1,2280 supporting a possible rally toward 1,2390!! We stay on the sideline still waiting for stronger signals but believing this cross will move higher!
Read the full report: EURCHF 09.04
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