Published: 2025-02-21T09:16:50.000Z
Chart EUR/CHF Update: Leaning lower
Senior Technical Strategist
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Little change, as cautious trade extends pressure on congestion support at 0.9400
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.9517 | ** | 24 Jan YTD high | S1 | 0.9400 | ** | congestion | |
| R3 | 0.9500 | ** | break level | S2 | 0.9350 | * | congestion | |
| R2 | 0.9485 | ** | 50% ret of Jul-Nov fall | S3 | 0.9300 | * | congestion | |
| R1 | 0.9450 | * | break level | S4 | 0.9253 | ** | 6 Dec (m) low |
Asterisk denotes strength of level
09:10 GMT - Little change, as cautious trade extends pressure on congestion support at 0.9400. Daily readings have turned bearish and have also turned down and broader weekly charts are mixed/negative, highlighting potential for a later break beneath here. Congestion support at 0.9350 will then attract, with still further slippage opening up 0.9300. Meanwhile, resistance remains at the 0.9450 break level and is expected to cap any immediate tests higher.