EUR/CHF intraday: the upside prevails as long as 1

EUR/CHF intraday: the upside prevails as long as 1.0869 is support

EURCHF

Trading Central 2021-02-22 14:32:14

Our pivot point stands at 1.0869.

Our preference: the upside prevails as long as 1.0869 is support.

Alternative scenario: the downside breakout of 1.0869 would call for 1.0857 and 1.0849.

Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.0873 and 1.0860).

Supports and resistances:

1.0922 **

1.0915 *

1.0908 **

1.0900

1.0884 last

1.0873

1.0869 **

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