0.9928 is our pivot point.
Our preference: the downside prevails as long as 0.9928 is resistance.
Alternative scenario: above 0.9928, look for 0.9954 and 0.9969.
Comment: the RSI is below 30. It could either mean that the pair is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.9922 and 0.9932). Finally, the EUR/CHF has penetrated its lower Bollinger band (0.9908).
Supports and resistances:
0.9969 **
0.9954 *
0.9928 **
0.9918
0.9908 last
0.9877
0.9862 **
0.9847 *
0.9832 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.
Written on 04-05-2023 at 10:46 UTC+1
Price reference: 0.9908 last known on 04-05-2023 at 10:46 UTC+1
Investment horizon: INTRADAY