Published: 2025-09-05T10:21:15.000Z
Chart EUR/CHF Update: Limited tests higher
Senior Technical Strategist
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Little change, as prices extend cautious trade beneath congestion resistance at 0.9400
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.9555 | ** | 76.4% ret of Mar-Apr fall | S1 | 0.9350 | ** | congestion | |
| R3 | 0.9490/00 | ** | 61.8% ret; congestion | S2 | 0.9315 | * | 28 Aug (w) low | |
| R2 | 0.9435 | * | 50% ret of Mar-Apr fall | S3 | 0.9300 | ** | congestion | |
| R1 | 0.9400 | ** | congestion | S4 | 0.9260 | break level |
Asterisk denotes strength of level
10:50 BST - Little change, as prices extend cautious trade beneath congestion resistance at 0.9400. Daily readings are rising, highlighting potential for a test. But broader weekly charts continue to point lower, suggesting any immediate break should meet renewed selling interest beneath critical resistance at the 0.9435 Fibonacci retracement. Meanwhile, support remains at congestion around 0.9350. A break beneath here will add weight to sentiment and open up support within congestion around 0.9300 and the 0.9315~ weekly low of 28 August.