Published: 2025-07-30T10:17:11.000Z
Chart EUR/CHF Update: Consolidating - studies under pressure
Senior Technical Strategist
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Little change, as oversold intraday studies keep near-term sentiment cautious
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.9490/00 | ** | 61.8% ret; congestion | S1 | 0.9300 | ** | congestion | |
| R3 | 0.9435 | * | 50% ret of Mar-Apr fall | S2 | 0.9260 | break level | ||
| R2 | 0.9400 | * | congestion | S3 | 0.9212 | ** | 11 Apr YTD low | |
| R1 | 0.9350 | ** | congestion | S4 | 0.9200/02 | ** | figure; Nov 2024 (y) low |
Asterisk denotes strength of level
10:55 BST - Little change, as oversold intraday studies keep near-term sentiment cautious and extend consolidation around congestion support at 0.9300. Daily studies are under pressure and the daily Tension Indicator is turning down, highlighting a deterioration in price action and room for a later break beneath here. Focus will then turn to 0.9260, with scope for still deeper losses as broader weekly charts also come under pressure. Meanwhile, resistance remains at congestion around 0.9350 and should cap any immediate tests higher.