HomeContributorsTechnical AnalysisEUR/CHF As Long As 1.1606 Is Support Look For 1.1640

EUR/CHF As Long As 1.1606 Is Support Look For 1.1640

1.1606 is our pivot (invalidation) point.

Our preference As Long as 1.1606 is support look for 1.1640.

Alternative scenario The downside breakout of 1.1606 would call for 1.1593 and 1.1586.

Comment The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 1.1614 and 1.1607).

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