Pivot (invalidation): 0.8835
Long positions above 0.8835 with targets at 0.8860 & 0.8870 in extension.
Below 0.8835 look for further downside with 0.8820 & 0.8810 as targets.
The RSI shows upside momentum.
Below its lower Bollinger band
1.1705 is our pivot (invalidation) point.
Above 1.1705, look for 1.1723 and 1.1734.
The RSI is below 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 (1.1696) but above its 50 MA (1.1671). Finally, the EUR/CHF is trading below its lower Bollinger band (standing at 1.1688).
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