(1,2385) The EUR/CHF confirmed a negative closing but it failed to confirm the negative day reversal. Overall the cross is still interior the negative outside day with 1,2415 – 1,2315 still the levels to follow in the coming hours. Only a daily closing above 1,2415 will postpone further weakness!! The indicators of the daily chart are still well positive but those of the s/t ones are still showing a mixed picture suggesting further consolidation/ correction. While below 1,2395 on an hourly closing we could still see a further move on the downside. We bought yesterday the 1,2360 undershooting as suggested. We keep a stop at 1,2315 looking for a 1,2410 overshooting!!
Read the full report: EURCHF 09.13
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