Published: 2026-05-01T11:46:08.000Z
Chart EUR/CHF Update: Under pressure
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The test of support at 0.9200 has given way to sharp losses in heightened volatility
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.9250 | congestion | S1 | 0.9160 | ** | 38.2% ret, 22 Apr (w) low | ||
| R3 | 0.9225 | break level | S2 | 0.9150 | ** | congestion | ||
| R2 | 0.9200 | ** | break level | S3 | 0.9125 | ** | 50% ret of March rally | |
| R1 | 0.9180 | ** | congestion | S4 | 0.9100 | ** | congestion |
Asterisk denotes strength of level
11:55 BST - The test of support at 0.9200 has given way to sharp losses in heightened volatility, with prices reaching strong support at 0.9160, where flat oversold intraday studies are prompting consolidation. Daily readings have turned down and overbought daily stochastics are unwinding, highlighting room for a later break. Focus will then turn back to congestion around 0.9150, ahead of the 0.9125 retracement. Meanwhile, resistance is lowered to congestion around 0.9180 and extends to 0.9200. A close above here is needed to help stabilise price action and prompt consolidation beneath 0.9225.