Chart EUR/CHF Update: Extend corrective bounce
Bounce from the .9265/.9250 area and channel support from the March low see prices retracing losses from the .9485, late-Sepember current year high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.9500 | * | congestion | S1 | 0.9300 | * | congestion | |
| R3 | 0.9445/50 | ** | Aug 2025 high, congestion | S2 | 0.9265 | ** | Mar/Apr highs | |
| R2 | 0.9400 | * | congestion | S3 | 0.9250 | * | congestion | |
| R1 | 0.9375 | ** | congestion, Sep low | S4 | 0.9200 | * | congestion |
Asterisk denotes strength of level
06:30 GMT - Bounce from the .9265/.9250 area and channel support from the March low see prices retracing losses from the .9485, late-Sepember current year high. Regaining resistance at the .9350 congestion opens up room to strong resistance at the .9375/.9400 September low and congestion area which is expected to cap. Corrective bounce is expected to give way to renewed selling pressure later with support now raised to .9300 level. Below this will expose the .9265/.9250 support to retest. Break here will see room for deeper pullback to .9200 congestion and .9177, July low.