(1,2138) The EUR/CHF confirmed a strong closing last night well above the resistance of the inside day at 1,2120 suggesting further upside potential toward the resistance line at 1,2160! The indicators of the daily chart are still positive and also those of the s/t ones turned all positive supporting higher levels. Bearish divergences confirm also a positive tone. While above 1,2030 we expect an extension of the move up toward 1,2160 where it should find decent resistance. A possible break below 1,2130 will suggest a retest of the 1,2110 area, now good support. We expect further upside potential.
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Future Trend Research