As the EUR/CHF hourly chart illustrates, a cross in the 50-period SMA above the 200-period has been spotted.
In the current scenario, the recently printed low prices are at relatively narrow distance to the SMA juncture which is expected to withstand a collision. Buyers might take advantage of any marginal decline to place their orders.
The risk scenario is a sustained close beyond the 200-SMA.
|1.0950434207916 ||1.0955467224121 ||1.0960433483123 ||1.0970432758331 ||1.0975465774536 ||1.0980432033538 |
|Trend Index||OB/OS Index|
| Neutral || Neutral |