(1,2410) The EUR/CHF confirmed yesterday a further session of consolidation interior the negative outside day with 1,2415 – 1,2315 still the levels to follow in the coming hours. It confirmed however to be well bid for now suggesting further upside potential suggesting a test of the 1,2435 resistance area. The indicators of the daily chart are still well positive as well as those of the s/t ones are supporting further strength. Clear bearish divergences in the hourly chart confirm a positive tone supporting higher levels toward the suggested s/t target at 1,2438 with even a possible overshooting. Only a daily closing above 1,2470 will support more important strength!! We remain on the sideline for now!
Read the full report: EURCHF 09.11
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