Our pivot point stands at 0.9888.
Our preference: the downside prevails as long as 0.9888 is resistance.
Alternative scenario: above 0.9888, look for 0.9909 and 0.9922.
Comment: the RSI is below 50. 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 0.9889 and 0.9883). Finally, the EUR/CHF has penetrated its lower Bollinger band (0.9868).
Supports and resistances:
0.9922 **
0.9909 *
0.9888 **
0.9879
0.9863 last
0.9837
0.9824 **
0.9811 *
0.9799 **
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 03-20-2023 at 07:32 UTC+1
Price reference: 0.9863 last known on 03-20-2023 at 07:32 UTC+1
Investment horizon: INTRADAY