Published: 2025-08-11T10:51:41.000Z
Chart EUR/CHF Update: Focus on critical resistance at 0.9435
Senior Technical Strategist
2
Cautious trade is giving way to a fresh test higher
| 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
11:25 BST - Cautious trade is giving way to a fresh test higher, as oversold intraday studies unwind, with focus turning to critical resistance at the 0.9435 Fibonacci retracement. Daily readings continue to rise and broader weekly charts are improving. But a close above 0.9435 is needed to turn sentiment positive and extend April gains towards strong resistance at 0.9490/00. Meanwhile, support remains at congestion around 0.9400. A close beneath here would turn sentiment neutral and prompt consolidation above further congestion around 0.9350.