(1,2268) The EUR/CHF confirmed a positive closing last night missing however a further strong one. While above the 200 hours line at 1,2265 on an hourly closing we favour further upside potential. The indicators of the daily chart are still well positive while those of the s/t ones turned mixed supporting some consolidation/ correction. In the hourly chart we have a clear negative reversal situation suggesting a s/t target at 1,2190. An hourly closing below 1,2260 will support lower levels. While above the 200 hours line we favour however another test on the upside that could lead to a retest of the 1,2350 area!! We stay on the sideline waiting for stronger signals.
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