Published: 2026-01-19T11:38:19.000Z
Chart EUR/CHF Update: Consolidating tests lower - studies under pressure
1
The overnight gap lower has bounced from support at the 0.9275 congestion lows
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.9380 | break level | S1 | 0.9275 | ** | congestion lows | ||
| R3 | 0.9350 | ** | congestion | S2 | 0.9260 | ** | 61.8% ret of Nov-Dec rally | |
| R2 | 0.9325 | congestion | S3 | 0.9230 | ** | 76.4% ret of Nov-Dec rally | ||
| R1 | 0.9300 | ** | congestion | S4 | 0.9210/12 | ** | Apr-Oct (y) lows |
Asterisk denotes strength of level
11:05 GMT - The overnight gap lower has bounced from support at the 0.9275 congestion lows, with prices currently balanced around 0.9285. Daily studies are turning down and broader weekly charts are under pressure, highlighting room for further losses in the coming sessions. A break below 0.9275 will extend early-December losses towards the 0.9260 Fibonacci retracement, with room for continuation down to the 0.9230 retracement. Meanwhile, resistance is lowered to congestion around 0.9300. A close above here, if seen, will help to stabilise price action and prompt consolidation beneath further congestion around 0.9325.