Chart EUR/CHF Update: Leaning lower in range
Little change, as prices extend cautious trade within the 0.9100 - 0.9150 range
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.9218 | * | 2 Feb (w) high | S1 | 0.9095/00 | ** | 10 Feb YTD low; figure | |
| R3 | 0.9200 | * | congestion | S2 | 0.9000 | ** | psychological | |
| R2 | 0.9180 | minor congestion | S3 | 0.8900 | * | figure | ||
| R1 | 0.9150 | ** | range lows | S4 | 0.8800 | * | figure |
Asterisk denotes strength of level
12:50 GMT - Little change, as prices extend cautious trade within the 0.9100 - 0.9150 range. Intraday studies are under pressure, highlighting room for a drift lower towards support at the 0.9095 current year low of 10 February and 0.9100. But rising daily readings should limit any immediate tests in fresh consolidation, before negative weekly charts prompt fresh losses. A close beneath here will add weight to sentiment and extend losses to fresh lows towards 0.9000. Meanwhile, resistance remains up to the 0.9150 range lows. A close above here, if seen, will help to stabilise price action and give way to consolidation beneath congestion around 0.9180.