(1,2455) The EUR/CHF confirmed a strong closing also last night propelling higher toward the key level at 1,2571!! The indicators of the daily chart are still well positive as well as those of the s/t ones supporting higher levels. The indicators of the hourly chart are however overbought and this could favour a correction. The slope of the move up is also very steep and therefore dangerous. Nevertheless we could well see a 1,25 overshooting before a correction. We stay on the sideline.
Click here to read the full report: EURCHF 05.10
Future Trend