Published: 2025-02-20T09:20:10.000Z
Chart EUR/CHF Update: Lower in range
Senior Technical Strategist
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Cautious trade within the 0.9400 - 0.9450 range is giving way to a drift lower
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.9517 | ** | 24 Jan YTD high | S1 | 0.9400 | ** | congestion | |
| R3 | 0.9500 | ** | break level | S2 | 0.9350 | * | congestion | |
| R2 | 0.9485 | ** | 50% ret of Jul-Nov fall | S3 | 0.9300 | * | congestion | |
| R1 | 0.9450 | * | break level | S4 | 0.9253 | ** | 6 Dec (m) low |
Asterisk denotes strength of level
09:15 GMT - Cautious trade within the 0.9400 - 0.9450 range is giving way to a drift lower, as intraday studies turn down, with focus on congestion support at 0.9400. Daily readings have also turned down and broader weekly charts are mixed/negative, highlighting potential for a later break beneath here. Congestion support at 0.9350 will then attract, with still further slippage turning sentiment negative and opening up 0.9300. Meanwhile, resistance remains at the 0.9450 break level and is expected to cap any immediate tests higher.