Published: 2026-06-02T10:39:31.000Z
Chart EUR/CHF Update: Choppy trade - daily studies turning higher
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The test of congestion resistance at 0.9150 is giving way to anticipated consolidation
| 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
11:00 BST - The test of congestion resistance at 0.9150 is giving way to anticipated consolidation, as overbought intraday studies flatten. Daily readings are turning positive, highlighting room for further gains in the coming sessions towards further congestion around 0.9180. However, deteriorating weekly charts should limit any immediate extension beyond here in selling interest/consolidation beneath 0.9200. Meanwhile, support remains at congestion around 0.9100 and the 0.9090 Fibonacci retracement. A close beneath here will add weight to sentiment and extend late-March losses towards 0.9050.