Published: 2025-07-31T10:33:18.000Z
Chart EUR/CHF Update: Choppy trade - studies under pressure
Senior Technical Strategist
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The anticipated break below 0.9300 has bounced from 0.9280
| 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
11:10 BST - The anticipated break below 0.9300 has bounced from 0.9280, as intraday studies turn higher, with prices once again balanced above 0.9300. Daily studies continue to track lower and broader weekly charts are also under pressure, highlighting room for fresh losses in the coming sessions. A close below congestion support at 0.9300 will add weight to sentiment and extend June losses towards 0.9260. Continuation down to critical support at 0.9200/02 - 0.9212 cannot be ruled out. Meanwhile, resistance remains at congestion around 0.9350 and should cap any immediate tests higher.