Published: 2025-08-04T10:33:17.000Z
Chart EUR/CHF Update: Limited tests higher
Senior Technical Strategist
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Cautious trade around congestion support at 0.9300 has given way to a sharp bounce
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.9490/00 | ** | 61.8% ret; congestion | S1 | 0.9300 | ** | congestion | |
| R3 | 0.9435 | * | 50% ret of Mar-Apr fall | S2 | 0.9260 | break level | ||
| R2 | 0.9400 | * | congestion | S3 | 0.9212 | ** | 11 Apr YTD low | |
| R1 | 0.9350 | ** | congestion | S4 | 0.9200/02 | ** | figure; Nov 2024 (y) low |
Asterisk denotes strength of level
10:50 BST - Cautious trade around congestion support at 0.9300 has given way to a sharp bounce, with prices currently trading around congestion resistance at 0.9350. Daily readings have ticked higher, suggesting room for continuation beyond here. But mixed weekly charts should limit scope in renewed selling interest towards further congestion around 0.9400. Meanwhile, support remains at 0.9300 and should underpin any immediate setbacks.