Published: 2025-05-21T07:45:01.000Z
Chart EUR/CHF Update: Lower in choppy trade
Technical Analyst
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Choppy trade from the .9400/20 congestion area has given way to break of the .9330 congestion to open up room for deeper pullback
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.9490/00 | ** | 61.8%, congestion | S1 | 0.9300 | ** | congestion | |
| R3 | 0.9450 | ** | congestion | S2 | 0.9250 | * | congestion | |
| R2 | 0.9400/20 | * | congestion, 14 May high | S3 | 0.9212 | ** | 11 Apr YTD low | |
| R1 | 0.9350 | * | congestion | S4 | 0.9202 | ** | 22 Nov 2024 all-time low |
Asterisk denotes strength of level
07:40 GMT - Choppy trade from the .9400/20 congestion area has given way to break of the .9330 congestion to open up room for deeper pullback to approach the .9300 level. Prices are unwinding the overbought intraday and daily studies and break of the latter will see room to the .9250 congestion. Below this will expose the .9212/.9202 lows to retest. Meanwhile, resistance is lowered to .9350 congestion. Regaining this needed to ease the downside pressure and sets up room for return to strong resistance at the .9400 level then .9420/.9450 area.