(1,2094) The EUR/CHF confirmed a negative yearly closing but near the top of the year and well above the low of the previous one. The monthly one was however positive. Overall the cross is still consolidating interior the inside day with 1,2140 – 1,2065 still the levels to follow in the coming hours. Only a daily closing below 1,2065 will cause a retest of levels below 1,2050!! The indicators of the daily chart are still keeping above the line as well as those of the weekly and monthly ones suggesting still some upside potential. the indicators of the s/t charts are instead still mixed supporting further consolidation/ correction. While above the 200 hours line at 1,2020 we still favour a little higher levels but only an hourly closing above 1,2110 will support higher levels! We stay on the sideline.
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Future Trend Research