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

EUR/CHF intraday: the upside prevails as long as 1.0889 is support

EURCHF

Trading Central 2021-02-22 19:06:05

Our pivot point is at 1.0889.

Our preference: the upside prevails as long as 1.0889 is support.

Alternative scenario: below 1.0889, expect 1.0876 and 1.0869.

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 1.0890 and 1.0871).

Supports and resistances:

1.0940 **

1.0933 *

1.0926 **

1.0918

1.0903 last

1.0893

1.0889 **

Disclaimer

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