Published: 2025-08-08T10:24:07.000Z
Chart EUR/CHF Update: Consolidating beneath critical resistance at 0.9435
Senior Technical Strategist
1
The anticipated break above 0.9400 has met selling interest just beneath critical resistance at the 0.9435 Fibonacci retracement
| 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
10:45 BST - The anticipated break above 0.9400 has met selling interest just beneath critical resistance at the 0.9435 Fibonacci retracement, as intraday studies turn down. Daily readings continue to rise and broader weekly charts are improving. But a close above 0.9435 is needed to turn sentiment positive and extend April gains towards strong resistance at 0.9490/00. Meanwhile, support is at congestion around 0.9400. A close beneath here would turn sentiment neutral and prompt consolidation above further congestion around 0.9350.