EUR/CHF Technical Analysis

(1,2150) The EUR/CHF confirmed a weak closing below the support of the inside day at 1,2150 suggesting further weakness. At the moment just the 200 days line at 1,2135 is limiting the downside of this cross but a daily closing below this line will open the way for a possible drop toward 1,2012!!! The indicators of the daily chart are still below the line as well as those of the S/T ones supporting further weakness. Bullish divergences confirm a negative tone. Possible rebounds should find resistance already at the 200 hours line at 1,2170!! We expect further weakness!! We stay on the sideline

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