Published: 2025-02-07T08:22:44.000Z
Chart EUR/CHF Update: Higher in consolidation from .9355/50 support
Technical Analyst
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Turning higher in range from the .9355 low and regaining the .9400 level opens up room for retest of the .9427 resistance
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.9517 | ** | 24 Jan YTD high | S1 | 0.9355/50 | * | 3 Feb low, congestion | |
| R3 | 0.9500 | * | congestion | S2 | 0.9300 | * | congestion | |
| R2 | 0.9445 | * | congestion | S3 | 0.9254 | ** | 2023 year low | |
| R1 | 0.9427 | * | 31 Jan low, gap | S4 | 0.9210/02 | ** | Aug, Nov 2024 year lows |
Asterisk denotes strength of level
08:20 GMT - Turning higher in range from the .9355 low and regaining the .9400 level opens up room for retest of the .9427 resistance and gap area. Daily studies have turned up from oversold readings and suggest scope for break here and the .9445 resistance to open up the .9500 level and the January YTD high at .9517 to retest. Clearance will see room to further retrace the losses from the May high. Meanwhile, support at the .9355/50 higher low now underpin and see sustaining recovery from the .9202, November 2024 year low.