Published: 2025-09-17T10:28:00.000Z
Chart EUR/CHF Update: Under pressure
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The anticipated test of congestion resistance at 0.9350 is giving way to a pullback
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.9490/00 | ** | 61.8% ret; congestion | S1 | 0.9315 | * | 28 Aug (w) low | |
| R3 | 0.9435 | * | 50% ret of Mar-Apr fall | S2 | 0.9300 | ** | congestion | |
| R2 | 0.9400 | ** | congestion | S3 | 0.9260 | break level | ||
| R1 | 0.9350 | ** | congestion | S4 | 0.9212 | ** | 11 Apr YTD low |
Asterisk denotes strength of level
11:10 BST - The anticipated test of congestion resistance at 0.9350 is giving way to a pullback, as intraday studies turn down, with prices currently pressuring support at the 0.9315 weekly low of 28 August. Daily readings are negative and broader weekly charts are under pressure, highlighting room for deeper losses in the coming sessions. A break beneath here will add weight to sentiment and extend mid-August losses below congestion support at 0.9300 towards 0.9260. Meanwhile, an unexpected close above 0.9350 will help to stabilise price action and prompt consolidation beneath further congestion around 0.9400.