Published: 2025-10-16T10:30:19.000Z
Chart EUR/CHF Update: Under pressure
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Anticipated minor tests higher have not been seen
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.9373 | * | 1 Oct (w) high | S1 | 0.9260 | break level | ||
| R3 | 0.9350 | ** | congestion | S2 | 0.9212 | ** | 11 Apr YTD low | |
| R2 | 0.9330 | 10 Oct high | S3 | 0.9200/02 | ** | figure; 18 Nov (y) low | ||
| R1 | 0.9300 | ** | congestion | S4 | 0.9150 | figure |
Asterisk denotes strength of level
10:55 BST - Anticipated minor tests higher have not been seen, as prices extend losses, breaking below 0.9300 to reach strong support at 0.9260. Unwinding oversold intraday studies are prompting choppy trade above here, but daily readings are under pressure, pointing to room for further losses in the coming sessions. A break will open up critical support within 0.9200/02 - 0.9212. A close beneath here would turn sentiment negative and extend long-term bear trends towards 0.9150. Meanwhile, a close back above 0.9300, if seen, would help to stabilise price action and prompt consolidation beneath further congestion around 0.9350.