Published: 2025-05-19T08:04:20.000Z
Chart EUR/CHF Update: Higher in consolidation
Technical Analyst
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Limited on break below congestion at .9350 as prices turned up from the .9330 support and unwind oversold intraday studies
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.9555 | * | 76.4% Mar/Apr fall | S1 | 0.9330 | 13 May low | ||
| R3 | 0.9490/00 | ** | 61.8%, congestion | S2 | 0.9300 | ** | congestion | |
| R2 | 0.9435/50 | * | 50%, congestion | S3 | 0.9250 | * | congestion | |
| R1 | 0.9400 | * | congestion | S4 | 0.9212 | ** | 11 Apr YTD low |
Asterisk denotes strength of level
08:00 GMT - Limited on break below congestion at .9350 as prices turned up from the .9330 support and unwind oversold intraday studies. Bounce see resistance starting at the .9400 congestion and clearance here will open up room for stronger gains to retest of resistance at .9435/50, 50% Fibonacci level congestion area which is expected to cap. Clearance, if seen, will see room to strong resistance at .9490/.9500 area. Meanwhile, support at .9330 and etending to the .9300 congestion is expected to underpin and sustain bounce from the .9212, 11 April YTD low.