EUR/CHF failed to confirm the positive day reversal extending instead the correction toward 1,2130. We would like to see a 1,2100 undershooting that should trigger the attention of the BNS and a possible reaction.
The indicators of the daily chart are still in negative territory and also those of the s/t ones are below the line suggesting further pressure. Still only an hourly closing above the 200 hours line, today at 1,2208 will confirm a s/t bottom supporting a decent rebound.
We remain on the sideline after having got stopped out.
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FUTURE TREND RESEARCH