Published: 2025-08-06T10:03:48.000Z
Chart EUR/CHF Update: Limited tests higher
Senior Technical Strategist
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Cautious trade around 0.9350 is giving way to a test higher
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.9500 | * | congestion | S1 | 0.9350 | ** | congestion | |
| R3 | 0.9490/00 | ** | 61.8% ret; congestion | S2 | 0.9300 | ** | congestion | |
| R2 | 0.9435 | * | 50% ret of Mar-Apr fall | S3 | 0.9260 | break level | ||
| R1 | 0.9400 | * | congestion | S4 | 0.9212 | ** | 11 Apr YTD low |
Asterisk denotes strength of level
10:50 BST - Cautious trade around 0.9350 is giving way to a test higher, as intraday studies turn up, with prices currently trading around 0.9360. Daily readings continue to rise, highlighting room for a push towards congestion resistance at 0.9400. But already overbought daily stochastics and mixed weekly charts should limit scope in renewed selling interest/ consolidation beneath here. Meanwhile, a break back below 0.9350 will open up congestion around 0.9300, where fresh buying interest is expected to appear.