Published: 2025-11-11T11:08:27.000Z
Chart EUR/CHF Update: Leaning lower
2
Choppy trade has given way to a break below 0.9300
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.9373 | * | 1 Oct (w) high | S1 | 0.9250 | break level | ||
| R3 | 0.9350 | ** | congestion | S2 | 0.9210/12 | ** | 11 Apr - 21 Oct YTD lows | |
| R2 | 0.9330 | congestion | S3 | 0.9200/02 | ** | figure; 18 Nov 2024 (y) low | ||
| R1 | 0.9300 | ** | congestion | S4 | 0.9150 | figure |
Asterisk denotes strength of level
10:50 GMT - Choppy trade has given way to a break below 0.9300, with prices currently trading around 0.9280. Intraday studies have turned down and daily readings are also under pressure, highlighting room for further losses in the coming sessions. Focus is turning to support at the 0.9250 break level. But unwinding oversold weekly stochastics and a flattening weekly Tension Indicator are expected to limit any initial tests in consolidation. Meanwhile, a close back above congestion resistance at 0.9300, if seen, will help to stabilise price action and prompt consolidation beneath further congestion around 0.9330.