0.9945 is our pivot point.
Our preference: as long as 0.9945 is support look for 1.0006.
Alternative scenario: the downside breakout of 0.9945 would call for 0.9923 and 0.9911.
Comment: the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.9959 and 0.9936). Finally, the EUR/CHF is trading above its upper Bollinger band (standing at 0.9965).
Supports and resistances:
1.0032 **
1.0019 *
1.0006 **
0.9993
0.9965 last
0.9954
0.9945 **
0.9923 *
0.9911 **
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 03-21-2023 at 07:29 UTC+1
Price reference: 0.9965 last known on 03-21-2023 at 07:29 UTC+1
Investment horizon: INTRADAY