Published: 2025-08-13T10:47:28.000Z
Chart EUR/CHF Update: Consolidating - downside tests to remain limited
Senior Technical Strategist
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Little change, as prices extend cautious trade following the test of congestion support at 0.9400
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.9550/55 | ** | cong; 76.4% ret | S1 | 0.9400 | * | congestion | |
| R3 | 0.9500 | * | congestion | S2 | 0.9350 | ** | congestion | |
| R2 | 0.9490/00 | ** | 61.8% ret; congestion | S3 | 0.9300 | ** | congestion | |
| R1 | 0.9435 | * | 50% ret of Mar-Apr fall | S4 | 0.9260 | break level |
Asterisk denotes strength of level
11:40 BST - Little change, as prices extend cautious trade following the test of congestion support at 0.9400. Intraday studies are under pressure and overbought daily stochastics are unwinding, highlighting potential for a test beneath here. But the rising daily Tension Indicator and positive weekly charts are expected to limit scope in renewed buying interest above further congestion around 0.9350. Meanwhile, critical resistance remains at the 0.9435 Fibonacci retracement. A later close above here will turn sentiment positive and extend April gains towards strong resistance at 0.9490/00.