EUR/CHF confirmed also yesterday further consolidation interior the positive outside day reversal with 1,2395 – 1,2235 still the levels to follow in the coming hours/ session. We had a test of the support of the outside day before however closing higher forming even a positive day reversal. Only a daily closing tonight above 1,2292 will however confirm higher levels. The monthly closing was also positive failing therefore to confirm the previous months negative reversals.
The indicators of the daily chart are however still negative but those of the s/t ones turned above the line supporting further possible upside potential. Only an hourly closing above 1,2310 will however support an extension of the move up.
The tone in the s/t charts is still negative with potential negative reversal limiting the upside and only a break above 1,2310 will be able to change this!!
We wait for further confirmations while following the outside day!
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