Published: 2025-06-30T10:16:26.000Z
Chart EUR/CHF Update: Leaning lower
Senior Technical Strategist
1
Choppy trade is giving way to a drift lower
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.9555 | ** | 76.4% ret of Mar-Apr fall | S1 | 0.9350 | ** | congestion | |
| R3 | 0.9490/00 | ** | 61.8% ret; congestion | S2 | 0.9300 | ** | congestion | |
| R2 | 0.9435 | * | 50% ret of Mar-Apr fall | S3 | 0.9260 | break level | ||
| R1 | 0.9400 | * | congestion | S4 | 0.9212 | ** | 11 Apr YTD low |
Asterisk denotes strength of level
10:55 BST - Choppy trade is giving way to a drift lower, as intraday studies turn down, with prices currently trading just below congestion support at 0.9350. Daily readings are also falling, suggesting room for a test of further congestion around 0.9300. But rising weekly charts are expected to limit any initial tests in renewed consolidation. Meanwhile, resistance remains at 0.9400 and should cap any immediate tests higher. An unexpected close above the 0.9435 Fibonacci retracement is needed to turn sentiment positive and extend April gains towards 0.9490/00.