Published: 2025-09-02T10:09:10.000Z
Chart EUR/CHF Update: Consolidating - background under pressure
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Still little change, as prices extend consolidation above congestion support at 0.9350
| 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 | 0.9300 | ** | congestion | |
| R2 | 0.9435 | * | 50% ret of Mar-Apr fall | S3 | 0.9260 | break level | ||
| R1 | 0.9400 | ** | congestion | S4 | 0.9212 | ** | 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.