Chart EUR/CHF Update: Sharp pullback from fresh year highs
The anticipated break above strong resistance at the 0.9455 Fibonacci retracement has posted a fresh 2026 year high around 0.9475
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.9550 | * | congestion | S1 | 0.9400 | * | congestion | |
| R3 | 0.9500 | * | congestion | S2 | 0.9375 | congestion | ||
| R2 | 0.9475 | fresh 2026 (y) high | S3 | 0.9350 | * | break level | ||
| R1 | 0.9455 | * | 50% ret of 2024-2026 fall | S4 | 0.9300/07 | ** | cong; 19-20 Aug (w) low |
Asterisk denotes strength of level
11:05 BST - The anticipated break above strong resistance at the 0.9455 Fibonacci retracement has posted a fresh 2026 year high around 0.9475, where a sharp EUR-driven pullback is appearing. Intraday studies are negative and overbought daily stochastics are unwinding, suggesting room for a test of congestion support at 0.9400. But the positive daily Tension Indicator and mixed/positive weekly charts should limit any break in renewed buying interest/consolidation above 0.9350.
Following cautious/corrective trade, fresh gains are looked for. However, a close above 0.9455/75 is needed to turn sentiment positive and extend gains from the 0.8980 current year low of 9 March towards congestion around 0.9500.