EUR/CHF intraday : under pressure below 0.9416

Our pivot point is at 0.9416.

Our preference: under pressure below 0.9416

Alternative scenario: above 0.9416, look for 0.9427 and 0.9434.

Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.9407 and 0.9405).

Supports and resistances:

0.9434 **

0.9427 *

0.9416 **

0.9411

0.9403 last

0.9389

0.9382 **