(1,2323) The EUR/CHF confirmed another weak closing but it failed to confirm the break below 1,2315, at least for now. Further downside pressure is possible toward 1,2298, the 200 days line, where we expect however good support. The indicators of the daily chart have again turned negative and also those of the s/t ones are below the line keeping the cross under pressure. Fresh bullish divergences confirm a negative tone!! We got stopped out at 1,2313 despite a strong EUR. We stay now on the sideline.
Read the full report: EURCHF 09.20
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