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EUR/CHF intraday: technical rebound towards 0.9578 before a new drop

2023-09-13
550

Our pivot point is at 0.9578.

Our preference: technical rebound towards 0.9578 before a new drop.

Alternative scenario: above 0.9578, look for 0.9593 and 0.9601.

Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above its 20 period moving average (0.9564) but under its 50 period moving average (0.9568).

Supports and resistances:

0.9601 **

0.9593 *

0.9578 **

0.9572

0.9566 last

0.9547

0.9538 **

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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