Published: 2024-11-12T10:06:46.000Z
Chart EUR/CHF Update: Lower in range - daily studies under pressure
Senior Technical Strategist
1
The break below0.9400 is giving way to fresh consolidation
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.9515 | ** | 76.4% ret of Aug-Sep fall | S1 | 0.9350 | * | congestion | |
| R3 | 0.9500 | ** | congestion | S2 | 0.9327 | * | 24 Oct (w) low | |
| R2 | 0.9445/50 | * | 1 Nov (w) high; break level | S3 | 0.9300/07 | * | congestion; 11 Sep (m) low | |
| R1 | 0.9400 | ** | congestion | S4 | 0.9200/10 | ** | figure; 5 Aug all-time low |
Asterisk denotes strength of level
09:55 GMT - The break below0.9400 is giving way to fresh consolidation above congestion support at 0.9350, as mixed intraday studies keep near-term sentiment cautious. Daily readings have turned down, highlighting room for a later test beneath here towards strong support within 0.9300/07. But mixed/positive weekly charts are expected to prompt fresh consolidation around here. Meanwhile, a close back above 0.9400 would turn sentiment neutral and give way to consolidation beneath 0.9445/50.