Published: 2025-08-01T10:06:55.000Z
Chart EUR/CHF Update: Gains to remain limited
Senior Technical Strategist
2
The break back below 0.9300 has bounced from support at 0.9260
| 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
10:50 BST - The break back below 0.9300 has bounced from support at 0.9260, as intraday studies turn higher, with prices once again trading above 0.9300. Negative daily stochastics are also ticking higher, suggesting room for further strength in the coming sessions. But the negative daily Tension Indicator and bearish weekly charts are expected to limit scope in renewed selling interest beneath congestion resistance at 0.9350. Following corrective trade, fresh losses are looked for. A close below congestion support at 0.9300 will open up 0.9260, with room for continuation of June losses towards critical support at 0.9200/02 - 0.9212.