EUR/CHF intraday: the downside prevails as long as

EUR/CHF intraday: the downside prevails as long as 1.0833 is resistance

EURCHF

Trading Central 2021-01-13 17:51:05

Our pivot point is at 1.0833.

Our preference: the downside prevails as long as 1.0833 is resistance.

Alternative scenario: the upside breakout of 1.0833, would call for 1.0848 and 1.0856.

Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.0818 and 1.0817).

Supports and resistances:

1.0856 **

1.0848 *

1.0833 **

1.0828

1.0813 last

1.0794

1.0785 **

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