Chart EUR/CHF Update: Consolidating - studies leaning lower
Little change, as prices extend cautious trade within the tight 0.9320/50 range
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.9500 | ** | figure | S1 | 0.9300 | ** | congestion | |
| R3 | 0.9395/00 | ** | 8 Dec (m) high; cong | S2 | 0.9267 | ** | 31 Mar (m) high | |
| R2 | 0.9372 | 6 Aug YTD high | S3 | 0.9230 | congestion | |||
| R1 | 0.9350 | * | break level | S4 | 0.9200 | ** | break level |
Asterisk denotes strength of level
11:45 BST - Little change, as prices extend cautious trade within the tight 0.9320/50 range. Daily readings are mixed/negative and overbought weekly stochastics are flattening, suggesting room for a pullback towards congestion support at 0.9300. But the positive weekly Tension Indicator and rising longer-term charts should limit any tests in renewed buying interest/consolidation. A break, however, will add weight to sentiment and extend losses towards 0.9267. Meanwhile, resistance remains at 0.9350 and extends to the 0.9372 current year high of 6 August. A close above here would improve price action and extend March gains towards 0.9395/00.