(1,2180) The EUR/CHF formed a positive day reversal yesterday after a retest of the 1,2130 level where again it found good support. In general the cross is however still consolidating interior an inside day with 1,2195 – 1,2120 the levels to follow in the coming hours. Only a daily closing above 1,2195 will support a resumption of a possible new move up!! The indicators of the daily chart are still well negative as well as those of the weekly one. The indicators of the s/t charts are positive this morning suggesting further consolidation/ correction. While above the 200 hours line at 1,2163 we expect further strength suggesting a move up toward the 1,2240 area!! We stay on the sideline.
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Future Trend Research