Published: 2025-10-23T10:09:48.000Z
Chart EUR/CHF Update: Gains to remain limited
1
Cautious trade is giving way to a drift higher
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.9350 | ** | congestion | S1 | 0.9210/12 | ** | 11 Apr - 21 Oct YTD lows | |
| 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 - Cautious trade is giving way to a drift higher, with resistance at 0.9260 approaching. Unwinding oversold daily stochastics highlight room for a test beneath here. But the flat daily Tension Indicator and negative weekly charts should limit scope in renewed selling interest beneath congestion around 0.9300. Following corrective trade, fresh losses are looked for. A later close below 0.9200/02 will add weight to sentiment and extend long-term bear trends, initially towards 0.9150.