Published: 2025-03-31T09:26:59.000Z
Chart EUR/CHF Update: Limited scope above 0.9550
Senior Technical Strategist
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The test below support at the 0.9500 break level is giving way to a bounce
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.9650 | * | break level | S1 | 0.9500 | ** | break level | |
| R3 | 0.9635 | ** | 76.4% ret of Jul-Nov fall | S2 | 0.9450 | * | break level | |
| R2 | 0.9600 | ** | congestion | S3 | 0.9400 | * | congestion | |
| R1 | 0.9550 | congestion | S4 | 0.9350 | ** | congestion lows |
Asterisk denotes strength of level
10:20 BST - The test below support at the 0.9500 break level is giving way to a bounce, as intraday studies continue to rise, with prices currently trading around 0.9540. Oversold daily stochastics are rising, suggesting potential for a test above congestion resistance at 0.9550. But the negative daily Tension Indicator and deteriorating weekly charts should limit any break in renewed selling interest beneath congestion around 0.9600. Meanwhile, a break below 0.9500 should be limited in consolidation above 0.9450.