Published: 2025-06-04T10:04:11.000Z
Chart EUR/CHF Update: Potential for a minor test higher
Senior Technical Strategist
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The break above 0.9350 has reached 0.9375
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.9555 | ** | 76.4% ret of Mar-Apr fall | S1 | 0.9350 | ** | congestion | |
| R3 | 0.9490/00 | ** | 61.8% ret; congestion | S2 | 0.9300 | ** | congestion | |
| R2 | 0.9435 | * | 50% ret of Mar-Apr fall | S3 | 0.9260 | break level | ||
| R1 | 0.9400 | * | congestion | S4 | 0.9212 | ** | 11 Apr YTD low |
Asterisk denotes strength of level
10:40 BST - The break above 0.9350 has reached 0.9375, where overbought intraday studies are prompting consolidation. Daily stochastics are rising and the daily Tension Indicator is also improving, highlighting potential for a test of congestion resistance at 0.9400. However, broader weekly charts are mixed, suggesting any immediate break could be limited in renewed selling interest/consolidation beneath the 0.9435 Fibonacci retracement. Meanwhile, any immediate tests below congestion support at 0.9350 should give way to consolidation above further congestion around 0.9300.