Published: 2025-04-15T09:07:55.000Z
Chart EUR/CHF Update: Choppy trade - studies under pressure
Senior Technical Strategist
-
The break above 0.9300 has met anticipated selling interest at congestion resistance at 0.9350
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.9500 | * | congestion | S1 | 0.9212 | * | 11 Apr YTD low | |
| R3 | 0.9400 | * | congestion | S2 | 0.9200/02 | ** | figure; 22 Nov all-time low | |
| R2 | 0.9350 | ** | congestion | S3 | 0.9150 | figure | ||
| R1 | 0.9300 | ** | congestion | S4 | 0.9100 | figure |
Asterisk denotes strength of level
10:00 BST - The break above 0.9300 has met anticipated selling interest at congestion resistance at 0.9350, with sharp losses giving way to consolidation around 0.9240. Intraday studies are under pressure and daily readings are mixed/negative, highlighting room for further losses in the coming sessions. A later close below critical support at 0.9200/02 will turn sentiment negative and post fresh all-time lows in increased selling pressure. Meanwhile, any fresh tests above congestion resistance at 0.9300 should meet selling interest towards 0.9350.