Published: 2025-03-25T09:18:05.000Z
Chart EUR/CHF Update: Leaning lower
Senior Technical Strategist
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The break below 0.9550 has reached 0.9525
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.9650 | * | break level | S1 | 0.9500 | ** | break level | |
| R3 | 0.9635 | ** | 76.4% ret of Jul-Nov fall | S2 | 0.9450 | * | break level | |
| R2 | 0.9600 | ** | congestion | S3 | 0.9400 | * | congestion | |
| R1 | 0.9550 | congestion | S4 | 0.9350 | ** | congestion lows |
Asterisk denotes strength of level
09:10 GMT - The break below 0.9550 has reached 0.9525, where unwinding oversold intraday studies are prompting a minor bounce to 0.9540. Daily stochastics and the Tension Indicator continue to track lower, highlighting room for further losses in the coming sessions towards support at the 0.9500 break level. But mixed weekly charts are expected to limit any initial tests in renewed buying interest/consolidation. Meanwhile, a close back above congestion resistance at 0.9550, if seen, will turn sentiment neutral once again and give way to fresh consolidation further congestion around 0.9600.