Chart EUR/CHF Update: Turning away from year highs - background studies rising
2
Anticipated gains have reached resistance at 0.9350
Level
Comment
Level
Comment
R4
0.9455
**
18 Aug 2025 (m) high
S1
0.9300
**
congestion
R3
0.9395
**
8 Dec (m) high
S2
0.9267
**
31 Mar (m) high
R2
0.9368
16 Dec (w) high
S3
0.9230
congestion
R1
0.9350
*
break level, 14 Jan YTD high
S4
0.9200
**
break level
Asterisk denotes strength of level
10:40 BST - Anticipated gains have reached resistance at 0.9350, where deteriorating intraday studies and flattening overbought daily stochastics are prompting a pullback. Immediate focus is turning back to congestion support at 0.9300. But the rising daily Tension Indicator and positive weekly charts should limit any tests in renewed buying interest/consolidation. Following cautious/corrective trade, fresh gains are looked for. A close above 0.9350 will improve sentiment and extend March gains towards the 0.9395 monthly high of 8 December.