Chart EUR/CHF Update: Sharp pullback from fresh year high in CHF-driven trade
The break above 0.9400 has posted a fresh 2026 year high around 0.9435
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.9500 | * | congestion | S1 | 0.9375 | congestion | ||
| R3 | 0.9455 | * | 50% ret of 2024-2026 fall | S2 | 0.9350 | * | break level | |
| R2 | 0.9435 | * | 2 Sep YTD high | S3 | 0.9300/07 | ** | cong; 19-20 Aug (w) low | |
| R1 | 0.9400 | * | congestion | S4 | 0.9250 | * | congestion |
Asterisk denotes strength of level
10:55 BST - The break above 0.9400 has posted a fresh 2026 year high around 0.9435, before falling back in CHF-driven trade to 0.9385/90. Intraday studies are negative and positive daily readings are flattening, suggesting a deterioration in near-term sentiment and room for a deeper pullback in the coming sessions. Focus is on congestion around 0.9375. A break will open up 0.9350. Initial tests could give way to consolidation, before mixed/negative weekly charts prompt further losses.
Meanwhile, a close back above congestion resistance at 0.9400 would help to stabilise price action. But a further close above 0.9435 is needed to turn sentiment positive and extend March gains initially to the 0.9455 Fibonacci retracement.