Published: 2025-11-07T10:55:04.000Z
Chart EUR/CHF Update: Focus on 0.9330/50
1
Cautious trade is giving way to the anticipated move higher
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.9400 | ** | congestion | S1 | 0.9300 | ** | congestion | |
| R3 | 0.9373 | * | 1 Oct (w) high | S2 | 0.9250 | break level | ||
| R2 | 0.9350 | ** | congestion | S3 | 0.9210/12 | ** | 11 Apr - 21 Oct YTD lows | |
| R1 | 0.9330 | congestion | S4 | 0.9200/02 | ** | figure; 18 Nov (y) low |
Asterisk denotes strength of level
10:40 GMT - Cautious trade is giving way to the anticipated move higher, with rising intraday studies putting focus on congestion resistance at 0.9330. The rising daily Tension Indicator highlights room for continuation towards further congestion around 0.9350. But flat overbought daily stochastics are expected to limit any initial tests in consolidation. Meanwhile, support remains at congestion around 0.9300. A close beneath here, if seen, would turn sentiment neutral and give way to consolidation above support at the 0.9250 break level.