Published: 2025-02-19T09:41:51.000Z
Chart EUR/CHF Update: Consolidating - potential for a minor test higher
Senior Technical Strategist
-
Little change, as prices extend cautious trade within the 0.9400 - 0.9450 range
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.9517 | ** | 24 Jan YTD high | S1 | 0.9400 | ** | congestion | |
| R3 | 0.9500 | ** | break level | S2 | 0.9350 | * | congestion | |
| R2 | 0.9485 | ** | 50% ret of Jul-Nov fall | S3 | 0.9300 | * | congestion | |
| R1 | 0.9450 | * | break level | S4 | 0.9253 | ** | 6 Dec (m) low |
Asterisk denotes strength of level
09:30 GMT - Little change, as prices extend cautious trade within the 0.9400 - 0.9450 range. Intraday studies have ticked higher and the bearish daily Tension Indicator is flattening, suggesting potential for a fresh test above 0.9450. Focus will then turn to strong resistance within the 0.9485 - 0.9517 area, but the flat daily Tension Indicator and mixed weekly charts are expected to promote renewed consolidation within here. Meanwhile, support remains at congestion around 0.9400. But a close below further congestion around 0.9350 is needed to turn sentiment negative and open up 0.9300.