Published: 2025-06-23T10:40:05.000Z
Chart EUR/CHF Update: Leaning lower in choppy trade
Senior Technical Strategist
1
Choppy trade continues
| 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
11:00 BST - Choppy trade continues, with the break above congestion resistance at 0.9400 giving way to sharp selling interest beneath the 0.9435 Fibonacci retracement. Immediate focus is on congestion support at 0.9350, with room for a test beneath here as daily readings come under pressure. Focus will then turn to further congestion around 0.9300. But rising weekly charts are expected to limit any tests in fresh consolidation. Meanwhile, resistance remains at 0.9400/35. A close above here is needed to turn sentiment positive and extend April gains towards 0.9490/00.