Published: 2025-07-09T09:54:31.000Z
Chart EUR/CHF Update: Choppy trade giving way to a pullback
Senior Technical Strategist
2
Choppy trade around 0.9350 has given way to a pullback
| 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 2024 (y) low |
Asterisk denotes strength of level
10:45 BST - Choppy trade around 0.9350 has given way to a pullback, as intraday studies turn down, with focus turning to congestion support at 0.9300. Oversold intraday studies could limit any initial tests in consolidation, before deteriorating daily readings and negative weekly charts prompt further losses. A later break will open up 0.9260, where already oversold daily stochastics could prompt renewed consolidation. Meanwhile, resistance remains at congestion around 0.9350. An unexpected close above here will turn sentiment neutral and give way to consolidation beneath further congestion around 0.9400.