Published: 2025-09-16T10:21:32.000Z
Chart EUR/CHF Update: Cautious trade
0
-
Still little change, as falling intraday studies keep near-term sentiment cautious
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.9490/00 | ** | 61.8% ret; congestion | S1 | 0.9315 | * | 28 Aug (w) low | |
| R3 | 0.9435 | * | 50% ret of Mar-Apr fall | S2 | 0.9300 | ** | congestion | |
| R2 | 0.9400 | ** | congestion | S3 | 0.9260 | break level | ||
| R1 | 0.9350 | ** | congestion | S4 | 0.9212 | ** | 11 Apr YTD low |
Asterisk denotes strength of level
11:05 BST - Still little change, as falling intraday studies keep near-term sentiment cautious and extend consolidation beneath congestion resistance at 0.9350. Daily stochastics are edging higher, suggesting room for a test above here. But the bearish daily Tension Indicator and deteriorating weekly charts are expected to limit scope in renewed selling interest beneath further congestion around 0.9400. Meanwhile, support remains at the 0.9315 weekly low of 28 August. A later break beneath here will add weight to sentiment and extend mid-August losses below congestion support at 0.9300 towards 0.9260.