Published: 2026-04-16T10:36:22.000Z
Chart EUR/CHF Update: Limited tests higher
1
Cautious trade following the test of support at 0.9200 is giving way to a push higher
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.9295/00 | ** | 76.4% ret; congestion | S1 | 0.9225 | break level | ||
| R3 | 0.9275 | * | Dec-Jan range lows, break level | S2 | 0.9200 | ** | break level | |
| R2 | 0.9267 | ** | 31 Mar (m) high | S3 | 0.9180 | ** | congestion | |
| R1 | 0.9250 | congestion | S4 | 0.9150 | ** | break level |
Asterisk denotes strength of level
10:55 BST - Cautious trade following the test of support at 0.9200 is giving way to a push higher, as oversold daily stochastics tick higher, with prices currently trading around 0.9235. Focus is on resistance at congestion around 0.9250. But the negative daily Tension Indicator and flattening overbought weekly stochastics should limit any immediate break in consolidation beneath strong resistance at the 0.9267 monthly high of 31 March. Meanwhile, support is raised to 0.9225. But a close below 0.9200 is needed to turn sentiment negative and extend late-March losses towards support at 0.9150.