Chart EUR/CHF Update: Gains to remain limited
The anticipated break above 0.9350 has reached 0.9360~
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.9500 | * | congestion | S1 | 0.9350 | * | break level | |
| R3 | 0.9455 | * | August 2025 (m) high, cong | S2 | 0.9300 | ** | congestion | |
| R2 | 0.9410~ | ** | 14 Aug YTD high | S3 | 0.9290 | * | 38.2% ret of May-Aug rally | |
| R1 | 0.9375 | congestion | S4 | 0.9250/55 | ** | congestion; 50% ret |
Asterisk denotes strength of level
10:50 BST - The anticipated break above 0.9350 has reached 0.9360~, where fresh consolidation is developing. Rising intraday studies and a tick higher in oversold daily stochastics highlight room for continuation towards congestion resistance at 0.9375. But the negative daily Tension Indicator and bearish weekly charts should limit any further gains in renewed selling interest beneath strong resistance at congestion around 0.9400 and the 0.9410~ current year high of 14 August.
Following cautious/choppy trade, fresh losses are looked for. A break back below 0.9350 will help to stabilise price action. But a further close below support at the 0.9290 Fibonacci retracement and congestion around 0.9300 will add weight to sentiment and extend mid-August losses towards 0.9250/55.