Published: 2025-05-29T08:25:41.000Z
Chart EUR/CHF Update: Choppy in range
Senior Technical Strategist
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Choppy trade has tested below 0.9350, reaching 0.9325 before bouncing smartly back to 0.9350
| 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 all time low |
Asterisk denotes strength of level
09:15 BST - Choppy trade has tested below 0.9350, reaching 0.9325 before bouncing smartly back to 0.9350. Intraday studies are rising and daily readings are mixed/positive, highlighting room for a test back above here. But mixed/negative weekly readings are expected to limit any break in consolidation beneath congestion around 0.9400. In the coming sessions further cautious trade is highlighted, with congestion support at 0.9300 to underpin any immediate tests lower.