Published: 2025-07-01T09:48:55.000Z
Chart EUR/CHF Update: Room for lower
Senior Technical Strategist
-
Choppy trade around 0.9350 has given way to the anticipated break
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.9490/00 | ** | 61.8% ret; congestion | S1 | 0.9300 | ** | congestion | |
| R3 | 0.9435 | * | 50% ret of Mar-Apr fall | S2 | 0.9260 | break level | ||
| R2 | 0.9400 | * | congestion | S3 | 0.9212 | ** | 11 Apr YTD low | |
| R1 | 0.9350 | ** | congestion | S4 | 0.9200/02 | ** | figure; Nov 2024 (y) low |
Asterisk denotes strength of level
10:30 BST - Choppy trade around 0.9350 has given way to the anticipated break, with prices currently approaching congestion support at 0.9300. Both intraday and daily studies are under pressure, highlighting room for continuation beneath here towards support at 0.9260. But already oversold daily stochastics and mixed weekly charts are expected to limit any initial tests in fresh consolidation. Meanwhile, a close back above congestion resistance at 0.9350, if seen, would help to stabilise price action and prompt fresh consolidation beneath further congestion around 0.9400.