Published: 2025-04-14T08:33:50.000Z
Chart EUR/CHF Update: Limited gains from the fresh 2025 year low
Senior Technical Strategist
1
The bounce from the 0.9212 fresh 2025 year low of 11 April is extending cautious trade around congestion resistance at 0.9300
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.9500 | * | congestion | S1 | 0.9212 | * | 11 Apr YTD low | |
| R3 | 0.9400 | * | congestion | S2 | 0.9200/02 | ** | figure; 22 Nov all-time low | |
| R2 | 0.9350 | ** | congestion | S3 | 0.9150 | figure | ||
| R1 | 0.9300 | ** | congestion | S4 | 0.9100 | figure |
Asterisk denotes strength of level
09:25 BST - The bounce from the 0.9212 fresh 2025 year low of 11 April is extending cautious trade around congestion resistance at 0.9300. Intraday studies are rising, suggesting potential for a test above here. But mixed/negative daily readings and bearish longer-term readings are expected to prompt renewed selling interest towards congestion resistance at 0.9350. Following cautious trade, fresh losses are looked for. A later close below 0.9200/02 will turn sentiment negative and post fresh all-time lows in increased selling pressure.