Chart EUR/CHF Update: Balanced beneath fresh year high
March gains have extended, with prices posting a fresh year high around 0.9410~ before settling into consolidation beneath 0.9400
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.9565 | ** | 61.8% ret of 2024-2026 fall | S1 | 0.9350 | * | break level | |
| R3 | 0.9500 | ** | figure | S2 | 0.9325 | break level | ||
| R2 | 0.9455 | * | August 2025 (m) high | S3 | 0.9300 | ** | congestion | |
| R1 | 0.9410~ | 14 Aug YTD high | S4 | 0.9267 | ** | 31 Mar (m) high |
Asterisk denotes strength of level
10:55 BST - March gains have extended, with prices posting a fresh year high around 0.9410~ before settling into consolidation beneath 0.9400 as intraday studies turn down. Positive daily readings are also flattening and overbought weekly stochastics are turning down, suggesting potential for a minor pullback in the coming sessions. Support remains at 0.9350 and extends to 0.9325. However, the positive weekly Tension Indicator and rising longer-term charts should limit any tests of this range in fresh consolidation.
Meanwhile, a close above 0.9410 will turn sentiment positive once again and extend gains towards the 0.9455 high of August 2025.