Published: 2025-06-06T10:10:07.000Z
Chart EUR/CHF Update: Limited scope above 0.9400
Senior Technical Strategist
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The anticipated test of congestion resistance at 0.9400 is giving way to consolidation
| 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
10:50 BST - The anticipated test of congestion resistance at 0.9400 is giving way to consolidation, as overbought intraday studies unwind, with prices currently trading around 0.9380. A minor pullback is possible, but rising daily readings are expected to limit scope in renewed buying interest above congestion support at 0.9350. In the coming sessions, fresh gains are looked for. But mixed weekly charts are expected to limit any break above 0.9400 in fresh selling interest/consolidation beneath the 0.9435 Fibonacci retracement.