EUR/CHF Technical Analysis

(1,2305) The EUR/CHF formed a positive outside day with now 1,2350 – 1,2245 the levels to follow in the coming hours. An daily closing above 1,2350 will probably re-launch the move up suggesting a rally toward the 1,25 area!! The indicators of the daily chart are still well positive and also those of the s/t ones are well positive supporting further strength. Only an hourly closing below 1,2290 will postpone further strength favouring a possible retest of the 200 hours line at 1,2263. Ion general, while above the 200 hours line we the scenery will remain positive supporting higher levels!! We stay on the sideline waiting for stronger signals.

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