EUR/CHF intraday: the upside prevails as long as 0.9495 is support
Our pivot point is at 0.9495.
Our preference: the upside prevails as long as 0.9495 is support.
Alternative scenario: below 0.9495, expect 0.9475 and 0.9464.
Comment: the RSI is above 70. It could mean either that the pair is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.9488 and 0.9471).
Supports and resistances:
CM Trade Mobile Application