EUR/CHF intraday: above its upper Bollinger band

Trading Central 2020-11-20 04:47:08

Our pivot point stands at 1.0801.

Our preference: the upside prevails as long as 1.0801 is support.

Alternative scenario: below 1.0801, expect 1.0787 and 1.0778.

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 pair is trading above both its 20 and 50 MAs (respectively at 1.0802 and 1.0800). Finally, the EUR/CHF is trading above its upper Bollinger band (standing at 1.0816).

Supports and resistances:

1.0861 **

1.0853 *

1.0844 **

1.0836

1.0817 last

1.0806

1.0801 **

Disclaimer
The trading strategy containing reference trading prices and analysis opinions is provided by the third-party provider Trading Central.And the trading strategy is only the personal research and judgment by analysts,which is not a statement of facts.No representation or warranty is given as to the accuracy or completeness of this strategy. Consequently any person acting on it does so entirely at their own risk. TOP1 accepts no responsibility for any use that may be made of these comments and for any consequences that result.

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