Published: 2025-06-09T10:10:55.000Z
Chart EUR/CHF Update: Consolidating - studies improving
Senior Technical Strategist
2
Little change, as prices extend consolidation following the test of congestion resistance at 0.9400
| 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
10:55 BST - Little change, as prices extend consolidation following the test of congestion resistance at 0.9400. Intraday studies are turning down, suggesting potential for a retest of congestion support at 0.9350. But rising daily readings and improving weekly charts should limit any break in renewed consolidation/buying interest above 0.9300. Following cautious trade, fresh gains are looked for. But already overbought daily stochastics should limit any initial break above 0.9400 in fresh selling interest/consolidation beneath the 0.9435 Fibonacci retracement.