Published: 2025-08-19T10:18:50.000Z
Chart EUR/CHF Update: Consolidating - limited tests lower
Senior Technical Strategist
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Cautious trade is giving way to the anticipated drift lower towards congestion support at 0.9400
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.9550/55 | ** | cong; 76.4% ret | S1 | 0.9400 | * | congestion | |
| R3 | 0.9500 | * | congestion | S2 | 0.9350 | ** | congestion | |
| R2 | 0.9490/00 | ** | 61.8% ret; congestion | S3 | 0.9300 | ** | congestion | |
| R1 | 0.9435 | * | 50% ret of Mar-Apr fall | S4 | 0.9260 | break level |
Asterisk denotes strength of level
10:45 BST - Cautious trade is giving way to the anticipated drift lower towards congestion support at 0.9400. Overbought daily stochastics are unwinding and the positive daily Tension Indicator is flattening, suggesting room for a test beneath here. Focus will then turn to further congestion around 0.9350. But rising weekly charts should prompt renewed buying interest towards here. Following cautious trade, fresh gains are looked for. However, a close above critical resistance at the 0.9435 Fibonacci retracement is needed to turn sentiment positive and extend April gains towards strong resistance at 0.9490/00.