Published: 2025-05-16T08:34:18.000Z
Chart EUR/CHF Update: Under pressure
Senior Technical Strategist
6
Anticipated losses have tested below congestion around 0.9350 to reach 0.9335
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.9555 | ** | 76.4% ret of Mar-Apr fall | S1 | 0.9350 | ** | congestion | |
| R3 | 0.9490/00 | ** | 61.8% ret; congestion | S2 | 0.9300 | ** | congestion | |
| R2 | 0.9435 | * | 50% ret of Mar-Apr fall | S3 | 0.9260 | break level | ||
| R1 | 0.9400 | * | congestion | S4 | 0.9212 | ** | 11 Apr YTD low |
Asterisk denotes strength of level
09:15 BST - Anticipated losses have tested below congestion around 0.9350 to reach 0.9335, where unwinding oversold intraday studies are prompting a bounce back to 0.9350. Daily readings continue to track lower and broader weekly charts are coming under pressure, highlighting room for further losses in the coming sessions. A close back below 0.9350 will add weight to sentiment and extend losses initially towards 0.9300. Meanwhile, resistance remains at congestion around 0.9400 and should cap any immediate tests higher.