Published: 2025-04-22T09:32:19.000Z
Chart EUR/CHF Update: Further gains to remain limited
Senior Technical Strategist
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Anticipated gains have reached 0.9335, where unwinding overbought intraday studies are prompting a pullback
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.9550 | congestion | S1 | 0.9300 | ** | congestion | ||
| R3 | 0.9500 | * | congestion | S2 | 0.9260 | break level | ||
| R2 | 0.9400 | * | congestion | S3 | 0.9212 | * | 11 Apr YTD low | |
| R1 | 0.9350 | ** | congestion | S4 | 0.9200/02 | ** | figure; 22 Nov all-time low |
Asterisk denotes strength of level
10:25 BST - Anticipated gains have reached 0.9335, where unwinding overbought intraday studies are prompting a pullback towards congestion support at 0.9300. Daily readings continue to rise, suggesting room for a fresh test higher. But mixed/negative weekly charts are expected to limit scope in renewed selling interest towards congestion resistance at 0.9350. Meanwhile, a close below 0.9300 will add weight to sentiment and open up support at 0.9260. Continuation beneath here will open up the 0.9212 current year low of 11 April.