Published: 2025-08-14T10:17:29.000Z
Chart EUR/CHF Update: Further consolidation - downside tests to remain limited
Senior Technical Strategist
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Still little change
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.9550/55 | ** | cong; 76.4% ret | S1 | 0.9400 | * | congestion | |
| R3 | 0.9500 | * | congestion | S2 | 0.9350 | ** | congestion | |
| R2 | 0.9490/00 | ** | 61.8% ret; congestion | S3 | 0.9300 | ** | congestion | |
| R1 | 0.9435 | * | 50% ret of Mar-Apr fall | S4 | 0.9260 | break level |
Asterisk denotes strength of level
11:05 BST - Still little change, as prices extend cautious trade above congestion support at 0.9400. Intraday studies are mixed/negative and overbought daily stochastics continue to unwind, highlighting potential for a retest beneath here. But the rising daily Tension Indicator and positive weekly charts are expected to limit scope in renewed buying interest above further congestion around 0.9350. Meanwhile, critical resistance remains at the 0.9435 Fibonacci retracement. A later close above here will turn sentiment positive and extend April gains towards strong resistance at 0.9490/00.