Published: 2025-08-29T10:34:58.000Z
Chart EUR/CHF Update: Limited tests higher
Senior Technical Strategist
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Cautious trade has given way to a sharp bounce to 0.9365~
| 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
10:55 BST - Cautious trade has given way to a sharp bounce to 0.9365~, before settling into consolidation above 0.9350. Oversold daily stochastics are edging higher, suggesting room for a fresh test higher. But the negative daily Tension Indicator and deteriorating weekly charts are expected to limit scope in renewed selling interest beneath congestion resistance at 0.9400. Following cautious trade, fresh losses are looked for. A later break back below congestion support at 0.9350 will initially open up 0.9300.