Published: 2024-10-24T08:14:38.000Z
Chart EUR/CHF Update: Choppy trade
Senior Technical Strategist
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The break below 0.9350 has bounced from 0.9330
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.9500 | ** | congestion | S1 | 0.9330 | 23 Oct low | ||
| R3 | 0.9450 | break level | S2 | 0.9300/07 | * | congestion; 11 Sep (m) low | ||
| R2 | 0.9400 | ** | congestion | S3 | 0.9210 | ** | 5 August all-time low | |
| R1 | 0.9350 | * | congestion | S4 | 0.9200 | * | figure |
Asterisk denotes strength of level
09:05 BST - The break below 0.9350 has bounced from 0.9330, as intraday studies turn higher, with prices currently pressuring 0.9350. Oversold daily stochastics are also flattening, suggesting potential for a test above here. But the bearish daily Tension Indicator should limit immediate gains in consolidation beneath further congestion around 0.9400. Meanwhile, support is down to 0.9300/07. Rising weekly charts are expected to limit any tests in renewed buying interest.