Published: 2025-05-27T08:54:02.000Z
Chart EUR/CHF Update: Limited tests higher
Senior Technical Strategist
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Choppy trade above congestion support at 0.9300 is giving way to a bounce
| 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
09:40 BST - Choppy trade above congestion support at 0.9300 is giving way to a bounce, as intraday studies turn higher and negative daily readings turn mixed, with prices currently trading back above congestion around 0.9350. Focus is on congestion resistance at 0.9400. But mixed/negative weekly readings are expected to limit any break above here in renewed selling interest towards the 0.9435 Fibonacci retracement. Meanwhile, any immediate tests back below 0.9350 should give way to consolidation above 0.9300.