EUR/CHF formed on Friday a positive outside day reversal with now 1,2395 – 1,2235 the levels to follow in the coming hours/ session.
The indicators of the daily chart are still negative but a daily closing above 1,2395 will turn them up. Those of the weekly chart are still well positive. The indicators of the s/t charts turned instead all positive supporting further s/t strength. Possible a test of the 1,24 area where we expect some resistance.
Friday’s rally formed however a negative reversal situation suggesting a possible target at 1,2242; a return below 1,2300 will support such a drop.
We wait for further confirmations!
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FUTURE TREND RESEARCH