Published: 2025-03-18T09:26:41.000Z
Chart EUR/CHF Update: Further consolidation - background studies rising
Senior Technical Strategist
1
Little change, as prices extend cautious trade within the 0.9600/35 range
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.9750 | * | break level | S1 | 0.9600 | ** | congestion | |
| R3 | 0.9700 | ** | congestion | S2 | 0.9550 | congestion | ||
| R2 | 0.9650 | * | break level | S3 | 0.9500 | ** | break level | |
| R1 | 0.9635 | ** | 76.4% ret of Jul-Nov fall | S4 | 0.9450 | * | break level |
Asterisk denotes strength of level
09:20 GMT - Little change, as prices extend cautious trade within the 0.9600/35 range. Daily stochastics have ticked higher, suggesting room for a test of resistance at the 0.9635 Fibonacci retracement. But the flat daily Tension Indicator could limit any initial tests in consolidation, before rising weekly charts prompt a break to 0.9650. A further close above here would turn sentiment positive and extend November gains towards congestion around 0.9700. Meanwhile, any tests below congestion support at 0.9600 should give way to consolidation above further congestion around 0.9550.