Published: 2025-03-11T09:33:54.000Z
Chart EUR/CHF Update: Sharp bounce - studies improving
Senior Technical Strategist
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Anticipated minor losses have bounced sharply from support at 0.9500
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.9700 | ** | congestion | S1 | 0.9500 | ** | break level | |
| R3 | 0.9650 | * | break level | S2 | 0.9450 | * | break level | |
| R2 | 0.9635 | ** | 76.4% ret of Jul-Nov fall | S3 | 0.9400 | ** | congestion | |
| R1 | 0.9600 | ** | congestion | S4 | 0.9350 | ** | congestion |
Asterisk denotes strength of level
09:25 GMT - Anticipated minor losses have bounced sharply from support at 0.9500, as intraday studies rise, with prices currently pressuring congestion resistance at 0.9600. Daily readings are mixed/positive and broader weekly charts are improving, highlighting room for further strength in the coming sessions. However, a close above the 0.9635 Fibonacci retracement is needed to turn sentiment positive and extend November gains beyond 0.9650 towards congestion around 0.9700. Meanwhile, an unexpected close below 0.9500 would add weight to sentiment and prompt a pullback, initially towards 0.9450.