Chart EUR/CHF Update: Focus on critical resistance at 0.9475/80
Anticipated tests higher have met selling interest just beneath critical resistance at the 0.9475/80 current year highs from mid-September
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.9565 | ** | 61.8% ret of 2024-2026 fall | S1 | 0.9450 | * | congestion | |
| R3 | 0.9550 | * | break level | S2 | 0.9400 | * | congestion | |
| R2 | 0.9500 | * | congestion | S3 | 0.9375 | congestion | ||
| R1 | 0.9475/80 | * | 14-17 Sep YTD highs | S4 | 0.9350 | * | break level |
Asterisk denotes strength of level
11:10 BST - Anticipated tests higher have met selling interest just beneath critical resistance at the 0.9475/80 current year highs from mid-September, as overbought intraday studies turn down, with prices currently balanced in consolidation above congestion support at 0.9450. Daily readings continue to rise, suggesting room for a test of 0.9475/80. But deteriorating weekly charts could prompt fresh consolidation around here, before positive longer-term charts prompt a break.
Meanwhile, a close back below 0.9450 will turn sentiment neutral and delay higher levels, as prices then settle into consolidation above further congestion around 0.9400.