Published: 2025-06-27T09:59:01.000Z
Chart EUR/CHF Update: Choppy trade leaning lower
Senior Technical Strategist
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Choppy trade following the test of congestion resistance at 0.9400 is giving way to a pullback
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.9555 | ** | 76.4% ret of Mar-Apr fall | S1 | 0.9350 | ** | congestion | |
| R3 | 0.9490/00 | ** | 61.8% ret; congestion | S2 | 0.9300 | ** | congestion | |
| R2 | 0.9435 | * | 50% ret of Mar-Apr fall | S3 | 0.9260 | break level | ||
| R1 | 0.9400 | * | congestion | S4 | 0.9212 | ** | 11 Apr YTD low |
Asterisk denotes strength of level
10:45 BST - Choppy trade following the test of congestion resistance at 0.9400 is giving way to a pullback, as intraday studies turn down, with prices currently pressuring congestion support at 0.9350. Daily readings are under pressure, highlighting room for a break towards further congestion around 0.9300. But already oversold daily stochastics and mixed/positive weekly charts are expected to limit any tests in renewed consolidation. Meanwhile, resistance remains at 0.9400. But a close above the 0.9435 Fibonacci retracement is needed to turn sentiment positive and extend April gains towards 0.9490/00.