EUR/CHF intraday: the upside prevails as long as 1

EUR/CHF intraday: the upside prevails as long as 1.0918 is support

EURCHF

Trading Central 2021-02-23 18:49:06

1.0918 is our pivot point.

Our preference: the upside prevails as long as 1.0918 is support.

Alternative scenario: the downside breakout of 1.0918 would call for 1.0905 and 1.0897.

Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.0909 and 1.0899).

Supports and resistances:

1.0978 **

1.0971 *

1.0963 **

1.0955

1.0935 last

1.0923

1.0918 **

Disclaimer

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