In daily time frame the price is bouncing in the descendant channel and also in 1H time frame an ascendant channel has been broken to down. What the today chart shows, can attract sellers.
The support rests at 0.91710 with resistance at 0.91790. The pivot point at 0.91750 is located above the price line. The EMA of 10 is moving with bearish bias and it is above EMA of 200 and the EMA of 100. Stochastic is moving in oversold area. The RSI is moving below the level of 50 and the ADX is moving horizontally and not showing a clear signal. The MACD histogram is in negative territory.

• There is resistance at 0.91790, followed by resistance at 0.91830 and 0.91870.
• There is support at 0.91710. Below, there is 0.91670 and 0.91630.

Note: We do not suggest any investment advice, and these analyses are just to increase the traders’ awareness but not a certain instruction for trading.

CHFanalysis