(1,2353) The EUR/CHF confirmed a weak closing on Friday while however remaining 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!! Despite the pressure the weekly closing was even positive. The indicators of the daily chart are still positive as well as those of the weekly one. The indicators of the s/t charts are instead negative suggesting further downside risk especially while the cross is below the 200 hours line, now resistance at 1,2372. Nevertheless for the moment we remain long with the stop still at 1,2315.
Read the full report: EURCHF 09.16
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