Published: 2024-12-11T09:26:02.000Z
Chart EUR/CHF Update: Potential for a minor test higher
Senior Technical Strategist
1
Little change, as prices extend cautious trade beneath congestion resistance at 0.9300
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.9445/50 | * | 1 Nov (w) high; break level | S1 | 0.9253 | * | 6 Dec (w) 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
09:10 GMT - Little change, as prices extend cautious trade beneath congestion resistance at 0.9300. Daily readings have turned mixed/positive, suggesting room for a test above here. But negative weekly charts are expected to limit scope in fresh consolidation beneath congestion around 0.9350. Meanwhile, support remains at the 0.9253 weekly low of 6 December. A close beneath here, not yet seen, will add weight to sentiment, and open up a test of critical support at the 0.9202 all-time low of 22 November and 0.9200.