Published: 2024-12-02T07:12:54.000Z
Chart EUR/CHF Update: Consolidating at the .9300 congestion
Technical Analyst
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Little change, as prices extend consolidation at the .9300 congestion
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.9500 | * | congestion | S1 | 0.9269 | 26 Nov low | ||
| R3 | 0.9445/50 | * | 1 Nov high, congestion | S2 | 0.9254 | ** | Dec 2023 year low | |
| R2 | 0.9400 | ** | congestion | S3 | 0.9210 | * | Aug low | |
| R1 | 0.9330/50 | * | congestion | S4 | 0.9202 | ** | 22 Nov YTD low |
Asterisk denotes strength of level
07:05 GMT - Little change, as prices extend consolidation at the .9300 congestion. Daily stochastics have turned up from oversold readings and suggest room to extend bounce from the .9202 low above resistance at the .9330/0.9350 congestion area. Gains above here will open up room to the strong resistance at the .9400/.9445 area. However, negative weekly charts suggest corrective gains expected to give way to renewed selling pressure later for retest of the .9269 and .9254 support. Below these will open up retest of the critical support at the .9210 August low and .9202, 22 November all-time low.