(1,2349) The EUR/CHF plunged well below 1,24 and this was not really a good move supporting a strong EUR argument!! As we already suggested in yesterday’s report the cross will test again the 1,2330 area; a break below of it will cause further weakness suggesting even a return toward the 1,21 area! The indicators of the daily chart are at the line but still in positive territory; a weak daily closing tonight wcould however turn them negative!! The indicators of the s/t charts are negative but already a little oversold and this could favour a rebound. While below 1,2380 we expect however further pressure and eventually a break even below 1,2330!! We stay on the sideline.
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Future Trend Research