Chart EUR/CHF Update: Leaning lower
The anticipated test of 0.9375 is giving way to a break
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.9455 | * | August 2025 (m) high, cong | S1 | 0.9350 | * | break level | |
| R3 | 0.9410~ | ** | 14 Aug YTD high | S2 | 0.9300 | ** | congestion | |
| R2 | 0.9400 | * | congestion | S3 | 0.9290 | * | 38.2% ret of May-Aug rally | |
| R1 | 0.9375 | congestion | S4 | 0.9272 | 30 Jul (w) low |
Asterisk denotes strength of level
10:50 BST - The anticipated test of 0.9375 is giving way to a break, as intraday studies remain under pressure, with focus turning to support at 0.9350. Daily readings are mixed/negative and overbought weekly stochastics are turning down, suggesting room for deeper losses in the coming sessions. A close beneath here will add weight to sentiment and open up congestion support at 0.9300. However, the positive weekly Tension Indicator and rising longer-term charts should prompt renewed buying interest towards here and limit any tests in consolidation.
Meanwhile, a close back above 0.9375 would help to stabilise price action and give way to consolidation beneath congestion resistance at 0.9400 and the 0.9410~ current year high of 14 August. A close above here, not yet seen, will turn sentiment positive and extend March gains towards 0.9455.