Published: 2025-06-13T10:10:20.000Z
Chart EUR/CHF Update: Volatile trade - daily studies under pressure
Senior Technical Strategist
2
Cautious trade beneath resistance at the 0.9435 Fibonacci retracement has given way to a sharp pullback
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.9555 | ** | 76.4% ret of Mar-Apr fall | S1 | 0.9350 | ** | congestion | |
| R3 | 0.9490/00 | ** | 61.8% ret; congestion | S2 | 0.9300 | ** | congestion | |
| R2 | 0.9435 | * | 50% ret of Mar-Apr fall | S3 | 0.9260 | break level | ||
| R1 | 0.9400 | * | congestion | S4 | 0.9212 | ** | 11 Apr YTD low |
Asterisk denotes strength of level
10:45 BST - Cautious trade beneath resistance at the 0.9435 Fibonacci retracement has given way to a sharp pullback, with prices accelerating below 0.9350 before bouncing smartly from above congestion support at 0.9300. The break back above 0.9350 has put focus on congestion resistance at 0.9400. But negative daily readings are expected to limit any initial tests in renewed selling interest. In the coming sessions, a retest below congestion support at 0.9350 is possible. But mixed/positive weekly charts should limit scope in renewed buying interest above further congestion around 0.9300.