Published: 2025-10-21T10:06:18.000Z
Chart EUR/CHF Update: Consolidating test of critical support - studies under pressure
1
Choppy trade has given way to the anticipated test of critical support at 0.9200/02 - 0.9212
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.9350 | ** | congestion | S1 | 0.9212 | ** | 11 Apr YTD low | |
| R3 | 0.9330 | 10 Oct high | S2 | 0.9200/02 | ** | figure; 18 Nov (y) low | ||
| R2 | 0.9300 | ** | congestion | S3 | 0.9150 | figure | ||
| R1 | 0.9260 | break level | S4 | 0.9100 | * | figure |
Asterisk denotes strength of level
10:50 BST - Choppy trade has given way to the anticipated test of critical support at 0.9200/02 - 0.9212. A bounce is developing from here, as intraday studies turn higher and oversold daily stochastics flatten. But the negative daily Tension Indicator and bearish weekly charts are expected to limit gains in renewed selling interest beneath 0.9260. Following cautious trade, fresh losses are looked for. A close below 0.9200/02 will add weight to sentiment and extend long-term bear trends, initially towards 0.9150.