(1,2327) The EUR/CHF failed also yesterday to return higher plunging instead lower even below 1,2250 on a sell off! The closing was weak below the low of the previous session but still above the s/t key level at 1,2270!! The indicators of the daily chart are still well negative but they could be forming a double bottom. The indicators of the s/t charts are mixed this morning suggesting some consolidation. Despite the drop toward 1,2240 we saw no new divergences and this should be positive for this cross. Only an hourly closing above 1,2420 will however confirm higher levels!! We stay on the sideline for now!
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