Published: 2025-07-18T09:59:01.000Z
Chart EUR/CHF Update: Drifting higher
Senior Technical Strategist
1
Choppy trade is giving way to the anticipated drift higher
| 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
10:50 BST - Choppy trade is giving way to the anticipated drift higher, with prices currently trading around 0.9335. Focus is on congestion resistance at 0.9350. But negative intraday studies are expected to limit any initial tests in consolidation. Daily readings are rising, highlighting potential for a later test above here. But negative weekly charts should limit any break in renewed selling interest beneath further congestion around 0.9400. Meanwhile, support remains at congestion around 0.9300, and should underpin any immediate setbacks.