Chart EUR/CHF Update: Fresh year high in CHF-driven trade
Cautious trade has tested above the 0.9372 weekly high of 6 August in CHF-driven trade
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.9500 | ** | figure | S1 | 0.9350 | * | break level | |
| R3 | 0.9455 | * | August 2025 (m) high | S2 | 0.9325 | break level | ||
| R2 | 0.9395/00 | ** | 8 Dec (m) high; cong | S3 | 0.9300 | ** | congestion | |
| R1 | 0.9372 | 6 Aug (w) high | S4 | 0.9267 | ** | 31 Mar (m) high |
Asterisk denotes strength of level
10:50 BST - Cautious trade has tested above the 0.9372 weekly high of 6 August in CHF-driven trade, with March gains posting a fresh year high around 0.9380 before settling into consolidation around 0.9372. Mixed daily readings have ticked higher, suggesting room for continuation towards resistance at the 0.9395 monthly high of 8 December and congestion around 0.9400. But flat overbought weekly stochastics should limit any initial tests in consolidation, before the rising weekly Tension Indicator and positive longer-term charts prompt a break. Meanwhile, a close back below 0.9350, if seen, should give way to consolidation around 0.9325.