EUR/CHF intraday : as long as 0.9397 is resistance look for 0.9343

Our pivot point is at 0.9397.

Our preference: as long as 0.9397 is resistance look for 0.9343

Alternative scenario: above 0.9397, look for 0.9415 and 0.9426.

Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI should trigger further gains. Moreover, the price stands above its 20 period moving average (0.9375) but below its 50 period moving average (0.9381).

Supports and resistances:

0.9426 **

0.9415 *

0.9397 **

0.9389

0.9377 last

0.9354

0.9343 **