Swissquote Bank Research Team
Swissquote Bank Ltd
EUR/GBP
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Pivot (invalidation): 0.8800
Our preference
Short positions below 0.8800 with targets at 0.8770 & 0.8755 in extension.
Alternative scenario
Above 0.8800 look for further upside with 0.8820 & 0.8830 as targets.
Comment
As Long as the resistance at 0.8800 is not surpassed, the risk of the break below 0.8770 remains high.
EUR/CHF
Our pivot (invalidation) point is at 1.1516.
Our preference
The upside prevails as Long as 1.1516 is support.
Alternative scenario
Below 1.1516, expect 1.1490 and 1.1474.
Comment
The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the pair is above its 20 and 50 MAs (respectively at 1.1534 and 1.1532).
This report has been prepared by Swissquote Bank Ltd and is solely been published for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any currency or any other financial instrument. Views expressed in this report may be subject to change without prior notice and may differ or be contrary to opinions expressed by Swissquote Bank Ltd personnel at any given time. Swissquote Bank Ltd is under no obligation to update or keep current the information herein, the report should not be regarded by recipients as a substitute for the exercise of their own judgment.
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