Published: 2025-04-16T08:30:38.000Z
Chart EUR/CHF Update: Choppy trade - studies leaning lower
Senior Technical Strategist
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Little change, as mixed intraday studies keep near-term sentiment cautious
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.9500 | * | congestion | S1 | 0.9212 | * | 11 Apr YTD low | |
| R3 | 0.9400 | * | congestion | S2 | 0.9200/02 | ** | figure; 22 Nov all-time low | |
| R2 | 0.9350 | ** | congestion | S3 | 0.9150 | figure | ||
| R1 | 0.9300 | ** | congestion | S4 | 0.9100 | figure |
Asterisk denotes strength of level
09:20 BST - Little change, as mixed intraday studies keep near-term sentiment cautious and extend choppy trade beneath congestion resistance at 0.9300. Daily stochastics are rising, suggesting potential for a test of here. But the negative daily Tension Indicator and bearish weekly charts are expected to limit scope in renewed selling interest towards further congestion around 0.9350. Meanwhile support remains at the 0.9212 current year low of 11 April. But a close below critical support at 0.9200/02 will turn sentiment negative and post fresh all-time lows in increased selling pressure.