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Published: 2025-09-02T10:09:10.000Z

Chart EUR/CHF Update: Consolidating - background under pressure

byMike Macdonald

Senior Technical Strategist
-

Still little change, as prices extend consolidation above congestion support at 0.9350

 Level Comment  Level Comment
R40.9555**76.4% ret of Mar-Apr fall S10.9350**congestion
R30.9490/00**61.8% ret; congestion S20.9300**congestion
R20.9435*50% ret of Mar-Apr fall S30.9260 break level
R10.9400**congestion S40.9212**11 Apr YTD low

Asterisk denotes strength of level

10:55 BST - Still little change, as prices extend consolidation above congestion support at 0.9350. Intraday studies are under pressure, highlighting potential for a drift lower towards here. But mixed daily readings are expected to limit any initial tests in consolidation, before deteriorating weekly charts prompt a break and open up support within congestion around 0.9300 and the 0.9315~ weekly low of 28 August. Meanwhile, resistance remains at congestion around 0.9400 and extends to the 0.9435 Fibonacci retracement. This broad range should cap any immediate tests higher.

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Topics
EUR/CHF-TA
DM-Technical
Technical Analysis

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