EUR/CHF – Currency exchange rate forecast 23.08.2019: the upside prevails as long as 1.0900 is support

EUR/CHF - Currency exchange rate forecast 23.08.2019: the upside prevails as long as 1.0900 is support

The configuration is positive.

Our pivot point stands at 1.0900.

Our preference: the upside prevails as long as 1.0900 is support.

Alternative scenario: below 1.0900, expect 1.0881 and 1.0870.

Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 1.0910 and 1.0904).

Supports and resistances:

1.0973 **

1.0962 *

1.0951 **

1.0940

1.0916 last

1.0907

1.0900 **

1.0881 *

1.0870 **

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