(1,2335) The EUR/CHF formed a positive day reversal after a 1,2260 undershooting. Only a daily closing tonight above 123,45 will confirm a s/t bottom supporting higher levels. The indicators of the daily chart are however still well negative while those of the s/t ones show a mixed picture suggesting further consolidation/ correction. The move up we’re seeing is corrective and should find resistance already at 1,2390, the 200 hours line, before the resistance line at 1,2450. We stay on the sideline waiting for higher levels to sell, but only close to the 1,2450 level putting a stop above 1,2515!!
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Future Trend Research