Published: 2024-10-23T08:06:12.000Z
Chart EUR/CHF Update: Consolidating - daily studies leaning lower
Senior Technical Strategist
1
Little change, as prices extend cautious trade around congestion support at 0.9350
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.9515 | ** | 76.4% ret of Aug-Sep fall | S1 | 0.9350 | * | congestion | |
| R3 | 0.9500 | ** | congestion | S2 | 0.9300/07 | * | congestion; 11 Sep (m) low | |
| R2 | 0.9450 | break level | S3 | 0.9210 | ** | 5 August all-time low | ||
| R1 | 0.9400 | ** | congestion | S4 | 0.9200 | * | figure |
Asterisk denotes strength of level
09:00 BST - Little change, as prices extend cautious trade around congestion support at 0.9350. Intraday studies are rising, suggesting room for a test higher. But negative daily readings are expected to limit scope in fresh selling interest beneath congestion resistance at 0.9400. Meanwhile, rising weekly charts should limit any fresh test below 0.9350 in consolidation above strong support at congestion around 0.9300 and the 0.9307 monthly low of 11 September.