The USD/CHF confirmed a session of consolidation forming a new inside day with 0,9310 – 0,9190 the levels to follow in the coming hours.
The indicators of the daily chart are still positive but those of the s/t ones turned below the line supporting some consolidation/ correction. An hourly closing below 0,9225 will confirm a double top formation in the hourly chart supporting a deeper correction with the 200 hours line at 0,9205 the first attraction. Having formed new bearish divergences on the way up we expect the decline to be corrective and a buying opportunity but probably only close to the 0,9150 area!!
We remain on the sideline.
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