Published: 2025-07-08T10:26:03.000Z
Chart EUR/CHF Update: Choppy trade - potential for a minor test higher
Senior Technical Strategist
2
Still little change
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.9490/00 | ** | 61.8% ret; congestion | S1 | 0.9300 | ** | congestion | |
| R3 | 0.9435 | * | 50% ret of Mar-Apr fall | S2 | 0.9260 | break level | ||
| R2 | 0.9400 | * | congestion | S3 | 0.9212 | ** | 11 Apr YTD low | |
| R1 | 0.9350 | ** | congestion | S4 | 0.9200/02 | ** | figure; Nov 2024 (y) low |
Asterisk denotes strength of level
10:50 BST - Still little change, as prices extend consolidation/choppy trade around congestion resistance at 0.9350. Intraday studies are mixed/positive and oversold daily stochastics are unwinding, highlighting potential for a fresh test above here. Focus will then turn to further congestion around 0.9400. But the flat daily Tension Indicator and bearish longer-term readings should limit any tests in consolidation/selling interest. Meanwhile, support remains at congestion around 0.9300 and should underpin any immediate setbacks.