Published: 2026-05-08T10:48:20.000Z
Chart EUR/CHF Update: Further consolidation - studies under pressure
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Still little change, as flat oversold daily stochastics keep near-term sentiment cautious
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.9250 | congestion | S1 | 0.9150 | ** | congestion | ||
| R3 | 0.9225 | break level | S2 | 0.9125 | ** | 50% ret of March rally | ||
| R2 | 0.9200 | ** | break level | S3 | 0.9100 | ** | congestion | |
| R1 | 0.9180 | ** | congestion | S4 | 0.9090 | ** | 61.8% ret of March rally |
Asterisk denotes strength of level
11:10 BST - Still little change, as flat oversold daily stochastics keep near-term sentiment cautious and extend consolidation around congestion support at 0.9150. The daily Tension Indicator continues to track lower and broader weekly charts are coming under pressure, highlighting room for a later break. A close below 0.9150 will add weight to sentiment and extend late-March losses towards the 0.9125 Fibonacci retracement. Meanwhile, resistance remains up to congestion around 0.9180 and should cap any immediate tests higher.