EUR/CHF is still well bid above 1,2350 but only a daily closing above 1,2460 will support higher levels suggesting a 1,25 overshooting. While below the resistance the risk is still to see another drop toward the 200 days line at 1,2259!!
The indicators of the daily chart are still well positive but those of the s/t ones are below the line this morning suggesting further consolidation. Only an hourly closing above 1,2430 will confirm higher levels!!
Only a return below 1,2360 will in the s/t postpone further strength!!
We remain on the sideline.
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FUTURE TREND RESEARCH