Published: 2026-06-01T11:07:05.000Z
Chart EUR/CHF Update: Choppy in range - studies under pressure
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The anticipated test of congestion support at 0.9100 is giving way to a bounce
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.9225 | congestion | S1 | 0.9100 | ** | congestion | ||
| R3 | 0.9200 | ** | break level | S2 | 0.9090 | ** | 61.8% ret of March rally | |
| R2 | 0.9180 | ** | congestion | S3 | 0.9050 | ** | congestion, 76.4% ret | |
| R1 | 0.9150 | ** | congestion | S4 | 0.9030 | congestion |
Asterisk denotes strength of level
11:40 BST - The anticipated test of congestion support at 0.9100 is giving way to a bounce, with prices currently trading around 0.9130. Focus is on congestion resistance at 0.9150, but mixed daily readings and deteriorating weekly charts should limit any immediate tests in consolidation. Following cautious/choppy trade, fresh losses are looked for. However, a close below the 0.9090 Fibonacci retracement is needed to add weight to sentiment and extend late-March losses towards 0.9050. Meanwhile, a close above 0.9150, if seen, would help to stabilise price action and prompt consolidation beneath further congestion around 0.9180.