(1,2185) The EUR/CHF confirmed another weak closing on Friday before however plunging much lower this morning even below 1,22!! A daily closing below 1,2191 will support a possible extension of the drop toward the 200 days line, now found at 1,2118. The indicators of the daily chart are still well negative and also those of the weekly one are in negative territory supporting lower levels. The indicators of the s/t charts are also negative and already showing oversold conditions. Possible rebounds should find resistance at 1,2230 before the 1,2260 area, actually the gap down area. We stay on the sideline but we fear the cross could move lower toward the 200 days line!!
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Future Trend Research