Published: 2025-07-04T10:05:47.000Z
Chart EUR/CHF Update: Extending choppy trade
Senior Technical Strategist
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The anticipated test above congestion resistance at 0.9350 has not been sustained
| 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
10:50 BST - The anticipated test above congestion resistance at 0.9350 has not been sustained, with prices once again balanced in cautious trade beneath 0.9350. The daily Tension Indicator is leaning lower, suggesting further consolidation, before rising daily stochastics and a tick higher in weekly charts prompts a fresh break higher. A close above 0.9350 will open up further congestion around 0.9400. But any initial tests should be limited in renewed consolidation. Meanwhile, a break below congestion support at 0.9300, if seen, should be limited in consolidation above 0.9260.