Chart EUR/CHF Update: Cautious trade leaning lower
Little change, as prices extend cautious/choppy trade above support at the 0.9150 range lows
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.9250 | * | congestion | S1 | 0.9150 | ** | range lows | |
| R3 | 0.9218 | * | 2 Feb (w) high | S2 | 0.9135~ | ** | 30 Jan YTD low | |
| R2 | 0.9200 | * | congestion | S3 | 0.9100 | figure | ||
| R1 | 0.9180 | minor congestion | S4 | 0.9000 | ** | psychological |
Asterisk denotes strength of level
13:10 GMT - Little change, as prices extend cautious/choppy trade above support at the 0.9150 range lows. Intraday studies are under pressure and rising daily stochastics are flattening, suggesting room for a test beneath here towards critical support at the 0.9135~ current year low of 30 January. However, the rising daily Tension Indicator is expected to limit any initial tests in consolidation, before bearish weekly charts prompt a break and extend long-term losses initially towards 0.9100. Meanwhile, resistance is at minor congestion around 0.9180 and extends to 0.9200. This range should cap any immediate tests higher.