1.1705 is our pivot (invalidation) point.
Our preference target 1.1655.
Alternative scenario Above 1.1705, look for 1.1723 and 1.1734.
Comment The RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the pair is trading under its 20 MA (1.1696) but above its 50 MA (1.1671). Finally, the EUR/CHF is trading below its lower Bollinger band (standing at 1.1688).
