(1,2290) The EUR/CHF confirmed another weak daily closing, even below the 200 days line, now s/t resistance at 1,2301. While below this line we have to expect further weakness. The indicators of the daily chart are however well negative supporting lower levels as well as those of the s/t charts that are still showing a negative tone. We have again good support around 1,2280 where it stopped also last time we were down here. We are not sure but official bids could limit the downside. A daily closing below 1,2280 could instead favour a sell off even below 1,22!!
Read the full report: EURCHF 09.24
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