(1,2330) The EUR/CHF confirmed a session of consolidation forming a new inside day with 1,2350 – 1,2275 the levels to follow in the coming hours. While above the 200 days channel we expect this cross to recover. The indicators of the daily chart are however still below the line for now while those of the s/t ones are showing a mixed picture. However, potential negative reversals in the hourly chart suggest already a limited upside potential for this cross. Nevertheless we favour a test of the 1,2350/60 area in the coming hours! We stay on the sideline!
Read the full report: EURCHF 08.22
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