HomeContributorsTechnical AnalysisEUR/CHF Above its upper Bollinger band.

EUR/CHF Above its upper Bollinger band.

Our pivot (invalidation) point stands at 1.1554.

Our preference The upside prevails as Long as 1.1554 is support.

Alternative scenario Below 1.1554, expect 1.1530 and 1.1516.

Comment The RSI is above 70. It could mean either that the pair is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 1.1542 and 1.1541). Finally, the EUR/ CHF has crossed above its upper Bollinger band (1.1566).

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