(1,2253) The EUR/CHF confirmed a nice rebound closing completely the gap down it formed at the week’s opening. The indicators of the daily chart are however still well negative while those of the s/t ones are showing a mixed picture suggesting further consolidation/ correction. In the hourly chart we are already seeing potential negative reversals that could limit the upside of this cross favouring a resumption of the decline. While above 1,2240 on an hourly closing we favour however an extension of the correction suggesting a retest of the 1,23 resistance area, just below the 200 hours line at 1,2321. This extension of the move up is a s/t sell. We suggest selling a 1,23 overshooting!!
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Future Trend Research