Chart EUR/CHF Update: Consolidating - daily studies under pressure
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Still little change, as prices extend cautious trade within the 0.9200 - 0.9230 range
Level
Comment
Level
Comment
R4
0.9330
*
range highs
S1
0.9200
**
break level
R3
0.9300
**
congestion
S2
0.9180
**
congestion
R2
0.9267
**
31 Mar (m) high
S3
0.9150
**
congestion
R1
0.9230
congestion
S4
0.9100
*
congestion
Asterisk denotes strength of level
10:45 BST - Still little change, as prices extend cautious trade within the 0.9200 - 0.9230 range. Both daily stochastics and the daily Tension Indicator are falling, suggesting room for a drift lower towards 0.9200. Beneath here is congestion around 0.9180. But positive weekly charts should limit any tests of this range in renewed consolidation/buying interest. Meanwhile, a close back above 0.9230 would help to stabilise sentiment and prompt consolidation beneath the 0.9267 monthly high of 31 March.