Chart EUR/CHF Update: Further cautious trade
Little change, as mixed intraday studies keep near-term sentiment cautious and extend consolidation around congestion resistance at 0.9230
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.9330 | * | range highs | S1 | 0.9200 | ** | break level | |
| R3 | 0.9300 | ** | congestion | S2 | 0.9180 | ** | congestion | |
| R2 | 0.9267 | ** | 31 Mar (m) high | S3 | 0.9150 | ** | congestion | |
| R1 | 0.9230 | congestion | S4 | 0.9100 | * | congestion |
Asterisk denotes strength of level
10:45 BST - Little change, as mixed intraday studies keep near-term sentiment cautious and extend consolidation around congestion resistance at 0.9230. Oversold daily stochastics are edging higher, suggesting room for a test above here. But the bearish daily Tension Indicator and mixed weekly charts should limit any break in renewed selling interest beneath resistance at the 0.9267 monthly high of 31 March. In the coming sessions, range extension is looked for, with support down to 0.9200. Mixed weekly charts should limit any immediate tests beneath here in consolidation above congestion around 0.9180.