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EUR/CHF intraday: rebound towards 0.9505

2023-10-25
942

0.9447 is our pivot point.

Our preference: rebound towards 0.9505.

Alternative scenario: the downside breakout of 0.9447 would call for 0.9425 and 0.9412.

Comment: the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (0.9463) but under its 50 period moving average (0.9477).

Supports and resistances:

0.9531 **

0.9518 *

0.9505 **

0.9492

0.9465 last

0.9456

0.9447 **

The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.

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