Published: 2025-08-22T10:23:03.000Z
Chart EUR/CHF Update: Choppy in range - any gains to remain limited
Senior Technical Strategist
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The anticipated test of congestion resistance at 0.9400 is giving way to a minor pullback
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.9500 | * | congestion | 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
10:55 BST - The anticipated test of congestion resistance at 0.9400 is giving way to a minor pullback, as overbought intraday studies turn down, with prices currently trading around 0.9385. Daily readings are also under pressure, highlighting difficulty sustaining further gains, with any break above here to meet selling interest beneath critical resistance at the 0.9435 Fibonacci retracement. In the coming sessions, further cautious trade is looked for, with support at congestion around 0.9350. A later break beneath here will open up 0.9300. But rising weekly charts should prompt fresh buying interest towards here.