HomeContributorsTechnical AnalysisEUR/CHF Above Its Upper Bollinger Band

EUR/CHF Above Its Upper Bollinger Band

Our pivot (invalidation) point stands at 1.1509.

Our preference Rebound.

Alternative scenario The downside breakout of 1.1509 would call for 1.1485 and 1.1472.

Comment The RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the pair is trading above its 20 MA (1.1523) but under its 50 MA (1.1533). Finally, the EUR/CHF has crossed above its upper Bollinger band (1.1529).

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