Published: 2025-06-20T10:36:13.000Z
Chart EUR/CHF Update: Extending consolidation
Senior Technical Strategist
2
Little change, as prices extend consolidation around congestion resistance at 0.9400
| 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
11:00 BST - Little change, as prices extend consolidation around congestion resistance at 0.9400. Daily stochastics have ticked higher, suggesting potential for a move towards the 0.9435 Fibonacci retracement. But the flat daily Tension Indicator could limit any initial tests in range trade, before rising weekly charts extend April gains beyond here towards 0.9490/00. Meanwhile, support remains down to congestion around 0.9350 and should continue to underpin any immediate setbacks.