Published: 2025-04-02T08:26:48.000Z
Chart EUR/CHF Update: Gains to remain limited
Senior Technical Strategist
3
The re-test above congestion around 0.9550 has been pushed back from beneath 0.9570
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.9650 | * | break level | S1 | 0.9500 | ** | break level | |
| R3 | 0.9635 | ** | 76.4% ret of Jul-Nov fall | S2 | 0.9450 | * | break level | |
| R2 | 0.9600 | ** | congestion | S3 | 0.9400 | * | congestion | |
| R1 | 0.9550 | congestion | S4 | 0.9350 | ** | congestion lows |
Asterisk denotes strength of level
09:15 BST - The re-test above congestion around 0.9550 has been pushed back from beneath 0.9570, as overbought intraday studies unwind, with prices once again trading below 0.9550. Daily stochastics are rising, suggesting potential for a retest above here. But the negative daily Tension Indicator and deteriorating weekly charts are expected to limit scope in renewed selling interest beneath congestion around 0.9600. Meanwhile, support remains at the 0.9500 break level and should underpin any immediate setbacks.