EUR/CHF intraday: as long as 1.0849 is support loo

EUR/CHF intraday: as long as 1.0849 is support look for 1.0885

EURCHF

Trading Central 2021-02-20 04:46:18

Our pivot point stands at 1.0849.

Our preference: as long as 1.0849 is support look for 1.0885.

Alternative scenario: below 1.0849, expect 1.0837 and 1.0829.

Comment: the RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.0857 and 1.0846).

Supports and resistances:

1.0900 **

1.0893 *

1.0885 **

1.0878

1.0863 last

1.0853

1.0849 **

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