Chart EUR/CHF Update: Pressuring strong resistance
Cautious trade has given way to a break higher
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.9500 | * | congestion | S1 | 0.9375 | congestion | ||
| R3 | 0.9455 | * | August 2025 (m) high, cong | S2 | 0.9350 | * | break level | |
| R2 | 0.9410~ | ** | 14 Aug YTD high | S3 | 0.9300 | ** | congestion | |
| R1 | 0.9400 | * | congestion | S4 | 0.9290 | * | 38.2% ret of May-Aug rally |
Asterisk denotes strength of level
10:55 BST - Cautious trade has given way to a break higher, with prices reaching strong resistance at congestion around 0.9400 before settling back as overbought intraday studies unwind. Daily stochastics are rising and the flat daily Tension Indicator is showing early signs of improvement, suggesting room for further strength in the coming sessions. But a close above the 0.9410~ current year high of 14 August is needed to improve sentiment and confirm continuation of March gains towards the 0.9455 monthly high of August 2025.
Meanwhile, support is at congestion around 0.9375, and should underpin any immediate setbacks. A close beneath here, if seen, will put focus on 0.9350, where fresh consolidation is expected to appear.