Published: 2025-05-30T08:33:23.000Z
Chart EUR/CHF Update: Choppy trade - studies leaning lower
Senior Technical Strategist
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Little change, as prices extend consolidation beneath congestion resistance at 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
09:25 BST - Little change, as prices extend consolidation beneath congestion resistance at 0.9350. Intraday studies are turning down and daily readings are also coming under pressure, highlighting room for a drift lower towards congestion support at 0.9300. However, already oversold intraday studies could limit any initial tests in consolidation, before deteriorating weekly charts prompt a break and extend losses towards 0.9260. Meanwhile, a close above 0.9350, if seen, will help to stabilise price action and give way to fresh consolidation beneath further congestion around 0.9400.