Published: 2025-08-20T10:28:02.000Z
Chart EUR/CHF Update: Consolidating - room for a test lower
Senior Technical Strategist
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Little change, as prices extend pressure on 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
10:55 BST - Little change, as prices extend pressure on congestion support at 0.9400. Intraday studies are falling and daily readings are also turning down, highlighting room for a later break beneath here. Focus will then turn to further congestion around 0.9350. But rising weekly charts should prompt renewed buying interest towards here. Following cautious trade, fresh gains are looked for. However, a close above critical resistance at the 0.9435 Fibonacci retracement is needed to turn sentiment positive and extend April gains towards strong resistance at 0.9490/00.