Published: 2026-07-03T10:50:17.000Z
Chart EUR/CHF Update: Consolidating losses - room for lower
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Cautious trade has given way to a break down to congestion support at 0.9180
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.9300 | ** | congestion | S1 | 0.9180 | ** | congestion | |
| R3 | 0.9267 | ** | 31 Mar (m) high | S2 | 0.9150 | ** | congestion | |
| R2 | 0.9230 | congestion | S3 | 0.9100 | * | congestion | ||
| R1 | 0.9200 | ** | break level | S4 | 0.9090 | ** | 61.8% ret of Mar-Jun rally |
Asterisk denotes strength of level
11:05 BST - Cautious trade has given way to a break down to congestion support at 0.9180, where mixed intraday studies are prompting fresh consolidation. Daily stochastics and the daily Tension Indicator have turned down, and overbought weekly stochastics are unwinding, suggesting room for still deeper losses in the coming sessions. A close beneath here would add weight to sentiment and extend June losses initially towards congestion around 0.9150. Meanwhile, resistance is lowered to 0.9200. A close back above here, if seen, will help to stabilise price action and prompt consolidation beneath congestion around 0.9230.