Published: 2024-12-19T09:40:25.000Z
Chart EUR/CHF Update: Leaning lower
Senior Technical Strategist
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Anticipated gains have been delayed, as intraday studies turn down and overbought daily stochastics unwind
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.9445/50 | * | 1 Nov (w) high; break level | S1 | 0.9300 | * | congestion | |
| R3 | 0.9417 | 17 Dec high | S2 | 0.9253 | * | 6 Dec (w) low | ||
| R2 | 0.9400 | ** | congestion | S3 | 0.9200/02 | ** | figure; 22 Nov all-time low | |
| R1 | 0.9350 | * | congestion | S4 | 0.9100 | figure |
Asterisk denotes strength of level
09:05 GMT - Anticipated gains have been delayed, as intraday studies turn down and overbought daily stochastics unwind, with prices extending losses from 0.9400~. The break below 0.9350 is giving way to consolidation beneath here, but further losses towards congestion support at 0.9300 are possible. Mixed/positive weekly charts should limit any deeper losses in consolidation above the 0.9253 weekly low of 6 December. Meanwhile, any immediate tests above congestion resistance at 0.9350 are expected to meet selling interest towards 0.9400.