(1,2185) The EUR/CHF confirmed a rebound but it missed to confirm a positive day reversal. While below 1,22 we expect further pressure suggesting a test of the 200 days line, still found at 1,2099!The indicators of the daily chart are still well negative showing close to oversold conditions. Those of the s/t ones are instead mixed this morning suggesting some consolidation/ correction. Only an hourly closing above 1,22 will however support higher levels suggesting a move up toward the 200 hours line, now found at 1,2287. We wait for a possible 1,21 undershooting to go long or for a retest of the 1,2270 area to sell short!!
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Future Trend Research