Published: 2024-11-11T07:30:30.000Z
Chart EUR/CHF Update: Edging lower from .9445, October high
Technical Analyst
1
Little change, as prices extend consolidation within the October range above the .9330 low
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.9581 | ** | Aug high | S1 | 0.9355 | * | 6 Nov low | |
| R3 | 0.9520 | * | congestion | S2 | 0.9330 | * | congestion | |
| R2 | 0.9500 | * | congestion | S3 | 0.9307/00 | ** | Sep low, congestion | |
| R1 | 0.9445 | * | 1 Nov high | S4 | 0.9254 | ** | Dec 2023 year low |
Asterisk denotes strength of level
07:25 GMT - Little change, as prices extend consolidation within the October range above the .9330 low. Mixed daily studies suggest further ranging action around the .9400 level and and below here to see further drift lower to retest the .9330 congestion. Below here needed to expose the lower support at the .9307/.9300 area. Break here will return focus to the .9254 and .9210, 2023 year low and August YTD low. Meanwhile, resistance at the .9445 congestion expected to cap and only above here will see room for retest of the .9500 level.