Published: 2025-01-28T10:09:46.000Z
Chart EUR/CHF Update: Consolidating - daily studies under pressure
Senior Technical Strategist
1
Little change, as swift losses give way to consolidation around support at 0.9450
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.9555 | ** | 61.8% ret of Jul-Nov fall | S1 | 0.9450 | * | break level | |
| R3 | 0.9515 | * | 24 Jan (w) high | S2 | 0.9400 | ** | congestion | |
| R2 | 0.9500 | ** | break level | S3 | 0.9350 | * | congestion | |
| R1 | 0.9485 | ** | 50% ret of Jul-Nov fall | S4 | 0.9300 | * | congestion |
Asterisk denotes strength of level
10:00 GMT - Little change, as swift losses give way to consolidation around support at 0.9450. Intraday studies are mixed, suggesting further sideways trade, before deteriorating daily readings prompt further losses. A break beneath here will open up congestion around 0.9400, but mixed weekly charts are expected to limit any initial tests in renewed consolidation. Meanwhile, a close back above resistance at 0.9485/00 is needed to turn sentiment positive once again and extend December gains towards the 0.9555 retracement.