(09 JULY 2018)EUR/CHF:Further downside.

(09 JULY 2018)EUR/CHF:Further downside.

9 July 2018, 09:38
Jiming Huang
0
18

rc

Our pivot (invalidation) point is at 1.1634.

Our preference

The downside prevails as Long as 1.1634 is resistance.

Alternative scenario

Above 1.1634, look for 1.1647 and 1.1655.

Comment

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

negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 1.1626 and

1.1625).

(By Swissquote TRADING CENTRAL) 

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