(1,2445) The EUR/CHF formed a negative day reversal after the 1,2570 overshooting. Only a daily closing tonight below 1,2390 will however confirm lower levels. The weekly closing was instead still well strong suggesting further upside potential! The indicators of the daily chart are still well positive but also still overbought; those of the weekly one are also positive but showing overbought conditions and potential negative reversals. The indicators of the s/t charts are below the line this morning suggesting further consolidation/ correction. Only an hourly closing below 1,2390 will postpone further strength favouring a deeper correction with the 200 hours line at 1,2289 the possible attraction. A return above 1,25 will instead confirm the resumption of the move up confirming also a positive reversal suggesting a s/t target at 1,2658!! We stay on the sideline but overall favour a deeper correction.
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Future Trend Research