Published: 2025-09-04T10:28:01.000Z
Chart EUR/CHF Update: Consolidating - background under pressure
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Still little change, as prices extend consolidation above congestion support at 0.9350
| 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
11:05 BST - Still little change, as prices extend consolidation above congestion support at 0.9350. Daily readings are rising, highlighting potential for a move higher towards congestion resistance at 0.9400. But broader weekly charts continue to point lower, suggesting any initial tests could give way to renewed selling interest. Meanwhile, support remains at congestion around 0.9350. A break beneath here will add weight to sentiment and open up support within congestion around 0.9300 and the 0.9315~ weekly low of 28 August.