Published: 2025-08-28T10:20:56.000Z
Chart EUR/CHF Update: Room for still lower
Senior Technical Strategist
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The anticipated break below 0.9350 has reached 0.9315
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.9490/00 | ** | 61.8% ret; congestion | S1 | 0.9300 | ** | congestion | |
| R3 | 0.9435 | * | 50% ret of Mar-Apr fall | S2 | 0.9260 | break level | ||
| R2 | 0.9400 | ** | congestion | S3 | 0.9212 | ** | 11 Apr YTD low | |
| R1 | 0.9350 | ** | congestion | S4 | 0.9200/02 | ** | figure; Nov 24 historic low |
Asterisk denotes strength of level
10:55 BST - The anticipated break below 0.9350 has reached 0.9315, where a minor bounce has pushed prices into cautious trade around 0.9330. Daily readings continue to point lower and broader weekly charts are under pressure, highlighting room for further losses in the coming sessions. A close below 0.9300 will open up 0.9260. But already oversold daily stochastics could limit any initial tests in short-covering/consolidation. Meanwhile, a close back above congestion resistance at 0.9350, if seen, would help to stabilise price action and give way to consolidation beneath further congestion around 0.9400.