(25 JUNE 2018)EUR/CHF:The downside prevails.

(25 JUNE 2018)EUR/CHF:The downside prevails.

25 June 2018, 10:00
Jiming Huang
0
14

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The downside prevails.

(By Swissquote TRADING CENTRAL) 

Our pivot (invalidation) point is at 1.1533.

Our preference

The downside prevails as Long as 1.1533 is resistance.

Alternative scenario

The upside breakout of 1.1533, would call for 1.1558 and 1.1573.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is

negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 1.1518

and 1.1523).

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