Published: 2025-06-19T10:22:09.000Z
Chart EUR/CHF Update: Consolidating - daily studies leaning lower
Senior Technical Strategist
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Still little change, as choppy price action extends around congestion resistance at 0.9400
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.9555 | ** | 76.4% ret of Mar-Apr fall | 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
11:00 BST - Still little change, as choppy price action extends around congestion resistance at 0.9400. Intraday studies are turning down and daily readings are also coming under pressure, highlighting room for a pullback towards congestion support at 0.9350. A break towards 0.9300 cannot be ruled out. But rising weekly charts should prompt renewed buying interest towards here and limit any tests in consolidation. Meanwhile, resistance is up to the 0.9435 Fibonacci retracement. A close above here, not yet seen, will extend April gains towards resistance at 0.9490/00.