Published: 2025-05-28T08:24:32.000Z
Chart EUR/CHF Update: Cautious trade
Senior Technical Strategist
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Little change, as prices extend cautious trade 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
09:15 BST - Little change, as prices extend cautious trade above congestion support at 0.9350. Daily readings are mixed/positive, highlighting room for a test of congestion resistance at 0.9400. But mixed/negative weekly readings are expected to limit any break above here in renewed selling interest towards the 0.9435 Fibonacci retracement. Meanwhile, any immediate tests back below 0.9350 should give way to consolidation above 0.9300.