Published: 2025-07-16T10:08:49.000Z
Chart EUR/CHF Update: Further consolidation - gains to remain limited
Senior Technical Strategist
1
Still little change
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.9490/00 | ** | 61.8% ret; congestion | S1 | 0.9300 | ** | congestion | |
| R3 | 0.9435 | * | 50% ret of Mar-Apr fall | 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; Nov 2024 (y) low |
Asterisk denotes strength of level
10:45 BST - Still little change, as mixed intraday studies keep near-term sentiment cautious and prompt consolidation around congestion support at 0.9300. Oversold daily stochastics are unwinding, suggesting room for a fresh test higher. But the bearish daily Tension Indicator and negative weekly charts should limit scope in renewed selling interest beneath congestion resistance at 0.9350. Following cautious/choppy trade, prices are expected to turn lower. A later break below 0.9300 will open up 0.9260, with further losses targeting critical support within the 0.9200/12 range.