Published: 2025-06-25T10:07:33.000Z
Chart EUR/CHF Update: Room for a fresh test lower
Senior Technical Strategist
-
Sharp selling interest has tested below 0.9350
| 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 - Sharp selling interest has tested below 0.9350, with prices reaching 0.9335 before bouncing back to 0.9350. Choppy trade is unfolding, as oversold intraday studies unwind. But negative daily readings highlight room for a fresh test lower towards further congestion around 0.9300. Rising weekly charts should limit any tests in renewed consolidation. Meanwhile, resistance remains at congestion around 0.9400. But a close above the 0.9435 Fibonacci retracement is needed to turn sentiment positive and extend April gains towards 0.9490/00.