Published: 2025-11-19T11:27:18.000Z
Chart EUR/CHF Update: Extending CHF-driven gains
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The test of 0.9250 has given way to a CHF-driven break
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.9373 | ** | 1 Oct (m) high | S1 | 0.9250 | break level | ||
| R3 | 0.9350 | ** | congestion | S2 | 0.9210/12 | ** | 11 Apr - 21 Oct YTD lows | |
| R2 | 0.9330 | congestion | S3 | 0.9200/02 | ** | figure; 18 Nov 2024 (y) low | ||
| R1 | 0.9300 | ** | congestion | S4 | 0.9180 | ** | 14 Nov historic low |
Asterisk denotes strength of level
10:40 GMT - The test of 0.9250 has given way to a CHF-driven break, with steady gains currently trading around 0.9285. Daily stochastics are rising, unwinding oversold areas, and the bearish daily Tension Indicator is flattening, highlighting room for a test of congestion resistance at 0.9300. But mixed weekly charts are expected to limit any immediate break in consolidation in overhead supply within 0.9330/50. Meanwhile, a close back below support at 0.9250, if seen, will turn sentiment neutral and give way to consolidation above critical support within the 0.9200 - 0.9212 range.