Published: 2025-07-10T09:53:50.000Z
Chart EUR/CHF Update: Limited gains
Senior Technical Strategist
1
The test below congestion support at 0.9300 has bounced from 0.9290~
| 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
10:40 BST - The test below congestion support at 0.9300 has bounced from 0.9290~, as oversold intraday studies unwind, with prices currently trading around 0.9325. Oversold daily stochastics are flattening, suggesting potential for continuation towards congestion resistance at 0.9350. But the negative daily Tension Indicator and deteriorating weekly charts should limit any tests in renewed selling interest. In the coming sessions, cautious/choppy trade is expected to give way to fresh losses. A later break below 0.9300 will open up 0.9260, with further losses targeting critical support within the 0.9200/12 range.