(1,2330) The EUR/CHF confirmed a negative closing remaining however above the 1,2300 level for now but missing to confirm the previous day’s positive day reversal!! The indicators of the daily chart are still in negative territory while those of the s/t ones are mixed suggesting further consolidation. While below 1,2335 on an hourly closing we expect the cross to remain under some pressure suggesting even a possible return below 1,23. In fact the drop below the 200 hours line confirmed also a negative reversal suggesting a s/t target at 1,2295!!!! Only a move above 1,2375 will postpone further weakness!! We stay on the sideline.
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Future Trend Research