(1,2440) The EUR/CHF formed a negative day reversal after a 1,2520 overshooting; only a daily closing below 1,2423 will however confirm a s/t top suggesting a return below 1,24! The indicators of the daily chart are still well positive but those of the s/t ones turned below the line supporting further consolidation/ correction with the 200 hours line at 1,2370 the possible attraction. Only an hourly closing above 1,2450 will support a resumption of the move up suggesting a retest of the previous top! While below we could see a drop toward 1,2370, move that we expect to be corrective and therefore a buying opportunity!! Follow possible updates.
Click here to read the full report: EURCHF 05.16
Future Trend