EUR/CHF Technical Analysis

(1,2165) The EUR/CHF is confirming further consolidation interior the inside day with 1,2300 – 1,2155 still the levels to follow in the coming hours/ session. Only a possible break of the support confirmed by a daily closing will favour further weakness suggesting the test of the 200 days line at 1,2129!! The monthly closing was negative while the cross is still consolidating interior an inside month! The indicators of the daily chart are still well negative as well as those of the weekly one but those of the monthly chart remain above the line. The indicators of the s/t charts are still showing a mixed picture with however a negative bias. In fact bullish divergences confirm a negative tone! We stay on the sideline.

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