Published: 2025-05-27T01:15:25.000Z
Chart EUR/USD Update: Pressuring 1.1400/25 resistance, break in focus
Technical Analyst
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Break above 1.1381 resistance see prices extending gains from the 12 May low at 1.1065 low to reach the 1.1400/25 resistance
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1600 | * | congestion | S1 | 1.1307/00 | * | 23 Apr low, congestion | |
| 14 | 1.1573 | ** | 21 Apr YTD high | S2 | 1.1265 | * | congestion, 14 May high | |
| R2 | 1.1474 | * | 11 Apr high | S3 | 1.1200 | * | 2024 year high | |
| R1 | 1.1400/25 | * | congestion, 28 Apr high | S4 | 1.1130 | 16 May low |
Asterisk denotes strength of level
01:30 GMT - Break above 1.1381 resistance see prices extending gains from the 12 May low at 1.1065 low to reach the 1.1400/25 resistance. Clearance here will see room to the 1.1474 high of 11 April but potential will be for extension to retest 1.1573, 21 April YTD high. Break of the latter will further retrace the 2021/2022 losses. Meanwhile, support is raised to the 1.1307/00 area which is expected to underpin. Below this will open up room for deeper pullback to the strong support at the 1.1265/1.1200 congestion and the 2024 year high.