Chart EUR/CHF Update: Turning away from 0.9400/10
Anticipated gains are meeting selling interest beneath congestion resistance at 0.9400
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.9500 | ** | congestion | S1 | 0.9375 | congestion | ||
| R3 | 0.9455 | * | August 2025 (m) high, cong | S2 | 0.9350 | * | break level | |
| R2 | 0.9410~ | ** | 14 Aug YTD high | S3 | 0.9300 | ** | congestion | |
| R1 | 0.9400 | * | congestion | S4 | 0.9290 | * | 38.2% ret of May-Aug rally |
Asterisk denotes strength of level
10:50 BST - Anticipated gains are meeting selling interest beneath congestion resistance at 0.9400, as intraday studies turn down, with prices currently trading around 0.9380. A pullback towards congestion support at 0.9375 is looked for. But positive daily readings and mixed weekly charts should limit any initial break in renewed consolidation above support at 0.9350. A further close beneath here, if seen, would add weight to sentiment and prompt a deeper retracement towards congestion around 0.9300.
Meanwhile, resistance remains at 0.9400 and extends to the 0.9410~ current year high of 14 August. A close above here would turn sentiment positive and extend March gains towards 0.9455.