EUR/CHF intraday: as long as 1.0796 is support look for 1.0838

Trading Central 2020-11-20 13:44:04

Our pivot point is at 1.0796.

Our preference: as long as 1.0796 is support look for 1.0838.

Alternative scenario: the downside breakout of 1.0796 would call for 1.0782 and 1.0774.

Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 1.0811 and 1.0804).

Supports and resistances:

1.0855 **

1.0847 *

1.0838 **

1.0830

1.0812 last

1.0801

1.0796 **

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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