(1,2380) The EUR/CHF confirmed a strong closing favouring further s/t strength, move supported by a strong DOLL/CHF. Possible a direct 1,24 overshooting! The indicators of the daily chart are now well in positive territory and also those of the s/t ones are well positive supporting further upside potential. we start however seeing overbought conditions that could limit the upside. We believe however that this cross has now the potential to further extend the move up! We stay on the sideline still waiting for stronger signals but believing this cross will move higher!
Read the full report: EURCHF 09.05
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