Our pivot (invalidation) point stands at 1.1720.
Our preference
target 1.1669.
Alternative scenario
Above 1.1720, look for 1.1738 and 1.1748.
Comment
The RSI is below its neutrality area at 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 (1.1706) but above its 50 MA (1.1698). Finally, the EUR/CHF is trading
below its lower Bollinger band (standing at 1.1702).
(By Swissquote TRADING CENTRAL)
