Published: 2025-04-03T08:30:41.000Z
Chart EUR/CHF Update: Volatility giving way to a drift lower
Senior Technical Strategist
2
The spike above congestion around 0.9550 into the 0.9600/35 range has been pushed back sharply
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.9650 | * | break level | S1 | 0.9500 | ** | break level | |
| R3 | 0.9635 | ** | 76.4% ret of Jul-Nov fall | S2 | 0.9450 | * | break level | |
| R2 | 0.9600 | ** | congestion | S3 | 0.9400 | * | congestion | |
| R1 | 0.9550 | congestion | S4 | 0.9350 | ** | congestion lows |
Asterisk denotes strength of level
09:20 BST - The spike above congestion around 0.9550 into the 0.9600/35 range has been pushed back sharply, as intraday studies turn down, with prices once again trading below 0.9550. Daily readings are also coming under pressure and overbought weekly stochastics are unwinding, highlighting room for a pullback in the coming sessions. A break below support at 0.9500 will add weight to sentiment and extend March losses towards support at 0.9450. Meanwhile, any fresh tests above 0.9550 should meet renewed selling interest towards congestion around 0.9600.