Published: 2025-03-14T09:15:26.000Z
Chart EUR/CHF Update: Cautious trade
Senior Technical Strategist
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Little change, as prices extend cautious trade around congestion resistance at 0.9600
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.9700 | ** | congestion | S1 | 0.9550 | congestion | ||
| R3 | 0.9650 | * | break level | S2 | 0.9500 | ** | break level | |
| R2 | 0.9635 | ** | 76.4% ret of Jul-Nov fall | S3 | 0.9450 | * | break level | |
| R1 | 0.9600 | ** | congestion | S4 | 0.9400 | ** | break level |
Asterisk denotes strength of level
09:10 GMT - Little change, as prices extend cautious trade around congestion resistance at 0.9600. Intraday studies are mixed/positive, suggesting potential for a test above here. But deteriorating daily readings are expected to limit initial scope in renewed selling interest beneath the 0.9635/50 range. In the coming sessions, a test lower is possible. But rising weekly charts are expected to limit any break below congestion support at 0.9550 in fresh buying interest above 0.9500.