Chart EUR/CHF Update: Consolidating
Still little change, as mixed intraday studies keep near-term sentiment cautious and extend consolidation beneath congestion resistance at 0.9230
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.9330 | * | range highs | S1 | 0.9200 | ** | break level | |
| R3 | 0.9300 | ** | congestion | S2 | 0.9180 | ** | congestion | |
| R2 | 0.9267 | ** | 31 Mar (m) high | S3 | 0.9150 | ** | congestion | |
| R1 | 0.9230 | congestion | S4 | 0.9100 | * | congestion |
Asterisk denotes strength of level
10:40 BST - Still little change, as mixed intraday studies keep near-term sentiment cautious and extend consolidation beneath congestion resistance at 0.9230. Oversold daily stochastics are flat and the daily Tension Indicator is bearish, suggesting any immediate retests above here should meet renewed selling interest beneath resistance at the 0.9267 monthly high of 31 March. In the coming sessions, range extension is looked for, with support down to 0.9200. Mixed weekly charts should limit any immediate tests beneath here in consolidation above congestion around 0.9180.