Published: 2025-03-21T09:31:37.000Z
Chart EUR/CHF Update: Focus remains on 0.9600
Senior Technical Strategist
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Little change, as prices extend consolidation around 0.9575
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.9700 | ** | congestion | S1 | 0.9550 | congestion | ||
| R3 | 0.9650 | * | break level | S2 | 0.9500 | ** | break level | |
| R2 | 0.9635 | ** | 76.4% ret of Jul-Nov fall | S3 | 0.9450 | * | break level | |
| R1 | 0.9600 | ** | congestion | S4 | 0.9400 | * | congestion |
Asterisk denotes strength of level
09:25 GMT - Little change, as prices extend consolidation around 0.9575. Rising intraday studies are keeping focus on congestion resistance at 0.9600, but negative daily readings are expected to limit any initial tests in further range trade. Broader weekly charts are rising, but a close above resistance at the 0.9635 Fibonacci retracement and the 0.9650 break level is needed to turn sentiment positive and confirm continuation of broad November gains. Meanwhile, any immediate tests back below congestion support at 0.9550 should be limited in consolidation above 0.9500.