EUR/CHF intraday: look for a drop towards 0.9455 before a bounce
Our pivot point stands at 0.9455.
Our preference: look for a drop towards 0.9455 before a bounce.
Alternative scenario: the downside breakout of 0.9455 would call for 0.9433 and 0.9420.
Comment: the RSI is above 50. The MACD is below its signal line and negative. The penetration of 50 on the RSI would call for further downside. Moreover, the pair is trading under its 20 period moving average (0.9474) but above its 50 period moving average (0.9473).
Supports and resistances:
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