(1,2380) The EUR/CHF formed a negative day reversal but overall it still confirmed a further session of consolidation interior the negative outside day with 1,2415 – 1,2315 still the levels to follow in the coming hours. The indicators of the daily chart are still well positive but those of the s/t ones already returned mixed suggesting further consolidation/ correction. While below 1,2395 on an hourly closing we could well see a move toward the 200 hours line, now found at 1,2360, move that we expect to be corrective and a s/t buying opportunity for a retest of the 1,2415 resistance!! We remain on the sideline for now but are going to buy a 1,2360 undershooting!
Read the full report: EURCHF 09.12
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