Published: 2025-06-26T10:22:35.000Z
Chart EUR/CHF Update: Choppy in range
Senior Technical Strategist
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Choppy trade has reached congestion resistance at 0.9400
| 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 - Choppy trade has reached congestion resistance at 0.9400, where mixed intraday studies have prompted fresh selling interest and a pullback to 0.9375. Daily readings continue to track lower, highlighting room for a retest of congestion support at 0.9350. But rising weekly charts are expected to limit any break in renewed buying interest above further congestion around 0.9300. Meanwhile, a close above the 0.9435 Fibonacci retracement is needed to turn sentiment positive and extend April gains towards 0.9490/00.