Published: 2025-08-15T10:18:47.000Z
Chart EUR/CHF Update: Further consolidation - daily studies leaning lower
Senior Technical Strategist
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Little change, as mixed intraday studies keep near-term sentiment cautious
| 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 - Little change, as mixed intraday studies keep near-term sentiment cautious and extend consolidation within the 0.9400-0.9435 range. Overbought daily stochastics continue to unwind and the positive daily Tension Indicator is flattening, highlighting potential for a retest beneath congestion support at 0.9400. But 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.