EUR/CHF Technical Analysis

(1,2169) The EUR/CHF managed to form a positive day reversal after a test of the 1,2135 area where it found good support. The closing failed to confirm the break below the support of the inside day at 1,2155 but for the moment we still see further downside risk!! The indicators of the daily chart are in fact still well negative but those of the s/t ones turned above the line for now supporting a rebound with the 200 hours line at 1,2187 the possible attraction. An hourly closing above 1,2180 will confirm further strength!! We stay on the sideline.

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