(1,2258) The EUR/CHF confirmed a strong closing(relatively) above the top of the previous session suggesting further upside potential and this could mean a retest of the 200 days line at 1,2307!! The indicators of the daily chart are still well negative showing however potential positive reversals. The indicators of the s/t charts are instead in positive territory this morning suggesting further upside potential. in the hourly chart we have however potential negative reversals limiting the extension. Only an hourly closing below 1,2245 will postpone further strength causing a possible retest of the 1,2210 area!! We stay on the sideline!
Read the full report: EURCHF 10.02
Future Trend