Published: 2025-05-06T08:29:59.000Z
Chart EUR/CHF Update: Prices remain under pressure
Senior Technical Strategist
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Anticipated losses have reached congestion support at 0.9300
| 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; 22 Nov all-time low |
Asterisk denotes strength of level
09:15 BST - Anticipated losses have reached congestion support at 0.9300, where unwinding oversold intraday studies are prompting a minor bounce to 0.9335. Daily readings continue to track lower, highlighting room for a later break below 0.9300. But mixed weekly charts are expected to limit initial scope in renewed consolidation above support at 0.9260. Meanwhile, resistance is lowered to congestion around 0.9350. A close above here, if seen, will help to stabilise price action and give way to fresh consolidation beneath further congestion around 0.9400.