Published: 2025-02-27T09:14:45.000Z
Chart EUR/CHF Update: Gains to remain limited
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Senior Technical Strategist
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Little change, as prices extend cautious trade beneath congestion resistance at 0.9400
Level | Comment | Level | Comment | |||||
---|---|---|---|---|---|---|---|---|
R4 | 0.9500 | ** | break level | S1 | 0.9350 | * | congestion | |
R3 | 0.9485 | ** | 50% ret of Jul-Nov fall | S2 | 0.9300 | * | congestion | |
R2 | 0.9450 | * | break level | S3 | 0.9253 | ** | 6 Dec (m) low | |
R1 | 0.9400 | ** | congestion | S4 | 0.9200/02 | ** | figure; 22 Nov all-time low |
Asterisk denotes strength of level
09:10 GMT - Little change, as prices extend cautious trade beneath congestion resistance at 0.9400. Intraday studies continue to rise and oversold daily stochastics are flat, suggesting room for a test above here. But the bearish daily Tension Indicator and mixed/negative weekly charts are expected to limit scope in renewed selling interest beneath 0.9450. Following cautious trade, fresh losses are looked for, with focus to turn back to congestion support at 0.9350. A break beneath here will open up further congestion around 0.9300. But improving longer-term charts should limit any tests of here in consolidation.