Published: 2025-03-28T07:57:55.000Z
Chart EUR/CHF Update: Limited below the .9500 level
Technical Analyst
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No follow-through on break of the .9500 level as prices consolidate steep drop from the .9660 high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.9700 | * | congestion | S1 | 0.9500 | * | break level | |
| R3 | 0.9650/60 | ** | congestion, 14 Mar YTD high | S2 | 0.9450 | * | congestion | |
| R2 | 0.9600 | * | congestion | S3 | 0.9400 | * | congestion | |
| R1 | 0.9562 | * | 14 Mar low | S4 | 0.9350 | ** | congestion lows |
Asterisk denotes strength of level
07:55 GMT - No follow-through on break of the .9500 level as prices unwind oversold intraday studies and consolidate steep drop from the .9660 high. Daily studies are unwinding oversold readings as well and suggest scope for bounce to the .9550/62 congestion and 14 March low. Would need to clear this to fade the downside pressure and clear the way for retest of the .9600 level then the .9650/60 congestion and 14 March YTD high. Meanwhile, break below 0.9500 will open up room for extension to the .9450 congestion.