EUR/CHF Technical Analysis

(1,2267) The EUR/CHF confirmed a session of consolidation remaining interior Friday’s range forming a new inside day with now 1,2305 – 1,2210 the levels to follow in the coming hours. The indicators of the daily chart are still well negative but those of the s/t ones turned all above the line supporting further strength. This could favour a retest of the 1,23 area where we expect however good resistance. An hourly closing below 1,2235 will postpone further strength resuming the decline for a possible drop toward 1,2108, still the s/t target!

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