EUR/CHF Technical Analysis

(1,2094) The EUR/CHF confirmed further consolidation forming a new inside day with 1,2120 – 1,2060 the levels to follow in the coming hours. The indicators of the daily chart are still well positive but those of the s/t ones remain mixed suggesting further consolidation/ correction. In the hourly chart we have already potential positive reversal suggesting a target at 1,2113! While above the 200 hours line at 1,2082 we favour therefore a little higher levels but only an hourly closing above 1,2110 will support a larger extension of the move up! We stay on the sideline.

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