EUR/CHF intraday: as long as 0.9488 is resistance look for 0.9428
Our pivot point stands at 0.9488.
Our preference: as long as 0.9488 is resistance look for 0.9428.
Alternative scenario: the upside breakout of 0.9488, would call for 0.9510 and 0.9524.
Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI should trigger further gains. Moreover, the price is trading above its 20 period moving average (0.9467) but under its 50 period moving average (0.9470).
Supports and resistances:
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