The Swiss looks to remain off balance because of slack Euro zone data and negative chart action. Aseries of lower highs and macro-economic slowing fears in the Euro zone, point to a near term return to the recentconsolidation lows down around 1.1113.
Technical Outlook: Positive momentum studies in the neutral zone will tend to reinforce higher priceaction. The market’s close above the 9-day moving average suggests the short-term trend remains positive. Themarket tilt is slightly negative with the close under the pivot. The next upside objective is 112.42. The next area ofresistance is around 112.08 and 112.42, while 1st support hits today at 111.46 and below there at 111.17.