Published: 2025-12-24T12:31:38.000Z
Chart EUR/CHF Update: Room for lower
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Cautious trade is giving way to renewed selling interest
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.9375 | break level | S1 | 0.9275 | 21 Nov low | |||
| 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 lows |
Asterisk denotes strength of level
12:10 GMT - Cautious trade is giving way to renewed selling interest, as intraday studies turn down, with the anticipated break below 0.9300 currently pressuring support at the 0.9275 low of 21 November. Daily readings are under pressure, highlighting a break towards support at the 0.9260 Fibonacci retracement. But already oversold daily stochastics could limit any initial tests in consolidation, before bearish weekly charts extend December losses towards the 0.9230 retracement. Meanwhile, a close back above 0.9300, if seen, will help to stabilise price action and prompt consolidation beneath further congestion around 0.9325.