Published: 2025-06-05T10:12:24.000Z
Chart EUR/CHF Update: Room for a minor test higher
Senior Technical Strategist
1
The test below congestion around 0.9350 has bounced from 0.9330/35
| 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
10:50 BST - The test below congestion around 0.9350 has bounced from 0.9330/35, as intraday studies turn higher, with prices once again trading above 0.9350. Daily stochastics are rising and the daily Tension Indicator is also improving, highlighting potential for a test of congestion resistance at 0.9400. However, broader weekly charts are mixed, suggesting any immediate break could be limited in renewed selling interest/consolidation beneath the 0.9435 Fibonacci retracement. Meanwhile, any retests below congestion support at 0.9350 should give way to consolidation above further congestion around 0.9300.