Published: 2026-04-30T10:10:08.000Z
Chart EUR/CHF Update: Sharp pullback
-
Cautious trade beneath congestion resistance at 0.9250 has given way to a sharp CHF-driven pullback
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.9275 | ** | congestion lows | S1 | 0.9200 | ** | break level | |
| R3 | 0.9267 | ** | 31 Mar (m) high | S2 | 0.9180 | ** | congestion | |
| R2 | 0.9250 | congestion | S3 | 0.9160 | ** | 38.2% ret, 22 Apr (w) low | ||
| R1 | 0.9225 | break level | S4 | 0.9150 | ** | congestion |
Asterisk denotes strength of level
10:50 BST - Cautious trade beneath congestion resistance at 0.9250 has given way to a sharp CHF-driven pullback, with the break below 0.9225 putting focus on support at 0.9200. Positive daily readings are turning mixed, highlighting room for a break beneath here towards further congestion around 0.9180. But mixed/positive weekly charts should limit any immediate extension in short-covering/consolidation above strong support at 0.9160. Meanwhile, resistance is lowered to 0.9225. A close back above here would help to stabilise price action and prompt fresh consolidation beneath 0.9250.