EUR/CHF formed yesterday a positive day reversal but only a daily closing tonight above 1,2215 will confirm higher levels.
The indicators of the daily chart are still in negative territory but those of the s/t ones are returning above the line supporting a rebound. However only an hourly closing above 1,2215 will confirm a s/t bottom, even a double bottom supporting a test of the 200 hours line at 122,21with a probably extension higher.
We favour a little higher levels for this cross. We suggest buying it at the present level with a stop below 1,2140.
Click here to read the full report:
http://www.easyforexnews.net/wp-content/uploads/2011/11/EUR-CHF-11.02.pdf
FUTURE TREND RESEARCH