Published: 2025-05-09T08:32:05.000Z
Chart EUR/CHF Update: Consolidating
Senior Technical Strategist
-
Little change, as prices extend cautious trade within the 0.9300 - 0.9350 range
| 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 | ** | 22 Nov 2024 all-time low; figure |
Asterisk denotes strength of level
09:20 BST - Little change, as prices extend cautious trade within the 0.9300 - 0.9350 range. Intraday studies are rising, highlighting room for a test above congestion resistance at 0.9350. But mixed daily and weekly charts highlight a broadly cautious tone and potential fresh selling interest beneath further congestion around 0.9400. Meanwhile congestion support at 0.9300 should underpin any immediate setbacks.