EUR/CHF intraday : look for a drop towards 0.9344 before a bounce

Our pivot point is at 0.9344.

Our preference: look for a drop towards 0.9344 before a bounce

Alternative scenario: below 0.9344, expect 0.9331 and 0.9324.

Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and negative. The penetration of 50 on the RSI should trigger further losses. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.9357 and 0.9357).

Supports and resistances:

0.9398 **

0.9391 *

0.9383 **

0.9376

0.9358 last

0.9349

0.9344 **