Published: 2025-07-03T10:09:46.000Z
Chart EUR/CHF Update: Choppy in range
Senior Technical Strategist
1
The anticipated break below congestion support at 0.9300 has not been seen
| 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
10:40 BST - The anticipated break below congestion support at 0.9300 has not been seen, as rising intraday studies prompt fresh buying interest around 0.9305 and prompt a bounce towards congestion resistance at 0.9350. Oversold daily stochastics are rising, suggesting potential for a test above here. But the bearish daily Tension Indicator and mixed weekly charts should limit initial scope in renewed consolidation beneath further congestion around 0.9400. Meanwhile, a break below 0.9300, if seen, should be limited in consolidation above 0.9260.