Published: 2026-10-02T11:12:51.000Z
Chart EUR/CHF Update: Extending September losses in EUR- and CHF-driven trade
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Cautious trade has given way to anticipated losses
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.9450 | * | congestion | S1 | 0.9300/07 | ** | cong; 19-20 Aug (w) low | |
| R3 | 0.9400 | * | congestion | S2 | 0.9290 | ** | 50% ret of May-Sep rally | |
| R2 | 0.9375 | congestion | S3 | 0.9245/50 | ** | 61.8% ret; congestion | ||
| R1 | 0.9350 | * | break level | S4 | 0.9190/00 | ** | 76.4% ret; congestion |
Asterisk denotes strength of level
11:55 BST - Cautious trade has given way to anticipated losses, with prices reaching strong support at 0.9300/07 in both EUR- and CHF-driven trade. Just lower is the 0.9290 Fibonacci retracement. But already oversold intraday studies could limit any initial tests in consolidation, before negative daily and weekly charts prompt a break. A close beneath here will add weight to already bearish price action and extend late-September losses initially towards 0.9245/50.
Meanwhile, resistance is lowered to 0.9350. A close above here, if seen, will help to stabilise price action and prompt consolidation beneath congestion around 0.9375.