EUR/CHF intraday: rebound towards 1.0824

Trading Central 2020-11-20 00:45:05

Our pivot point is at 1.0781.

Our preference: rebound towards 1.0824.

Alternative scenario: the downside breakout of 1.0781 would call for 1.0767 and 1.0759.

Comment: the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 1.0798 and 1.0797).

Supports and resistances:

1.0841 **

1.0832 *

1.0824 **

1.0816

1.0797 last

1.0786

1.0781 **

Disclaimer
The trading strategy containing reference trading prices and analysis opinions is provided by the third-party provider Trading Central.And the trading strategy is only the personal research and judgment by analysts,which is not a statement of facts.No representation or warranty is given as to the accuracy or completeness of this strategy. Consequently any person acting on it does so entirely at their own risk. TOP1 accepts no responsibility for any use that may be made of these comments and for any consequences that result.

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