(1,2303) The EUR/CHF confirmed yesterday further consolidation interior the positive outside day with 1,2350 – 1,2245 still 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 but those of the s/t ones turned mixed suggesting some consolidation/ correction. The move up confirmed bearish divergences in the hourly chart supporting a positive tone. While above 1,2290 on an hourly closing we expect further upside potential. a move below 1,2290 will instead favour a retest of the 200 hours line at 1,2266, move that we expect to be a buying opportunity!! We stay on the sideline.
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