Technical Analysis: Currencies
EUR/CHF
Comment: January’s bounce from the record low at 1.2400 has been a little stronger than we had originally allowed for yet all elements of the weekly Ichimoku ‘cloud’ chart continue to suggest a short position, as has been the case all last year. Therefore we continue to expect further declines where 1.2000 and then 1.1400 are targets.
A weekly close above 1.3200 would force us to adjust.
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