Chart EUR/CHF Update: Extending consolidation beneath year high
Little change, as mixed intraday studies keep near-term sentiment cautious
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.9565 | ** | 61.8% ret of 2024-2026 fall | S1 | 0.9375 | congestion | ||
| R3 | 0.9500 | ** | figure | S2 | 0.9350 | * | break level | |
| R2 | 0.9455 | * | August 2025 (m) high, cong | S3 | 0.9325 | break level | ||
| R1 | 0.9410~ | 14 Aug YTD high | S4 | 0.9300 | ** | congestion |
Asterisk denotes strength of level
10:45 BST - Little change, as mixed intraday studies keep near-term sentiment cautious and extend consolidation beneath resistance at minor congestion around 0.9400 and the 0.9410~ current year high of 14 August. Positive daily readings are flattening and overbought weekly stochastics are turning down, suggesting room for consolidation in the coming sessions. However, the rising weekly Tension Indicator and bullish longer-term charts point to a later break and continuation of March gains initially towards 0.9455.
Meanwhile, immediate support is at 0.9375. But stronger support at congestion around 0.9350 should underpin any immediate setbacks.