Published: 2025-06-23T01:46:58.000Z
Chart EUR/USD Update: Room for deeper pullback
Technical Analyst
2
Leaning lower from the 1.1631 and break of the 1.1500 level has seen pullback to 1.1445 low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1665 | * | Aug 2021 low | S1 | 1.1445 | * | 19 Jun low | |
| 14 | 1.1631 | ** | 12 Jun YTD high | S2 | 1.1400 | * | congestion | |
| R2 | 1.1600 | * | congestion | S3 | 1.1300 | * | congestion | |
| R1 | 1.1573 | * | Apr high | S4 | 1.1275 | ** | 2023 year high |
Asterisk denotes strength of level
01:40 GMT - Leaning lower from the 1.1631 and break of the 1.1500 level has seen pullback to 1.1445 low. Daily studies are under pressure and suggest scope for break here to open up room for deeper pullback to retrace gains from the 1.1065, May low. Lower will see room to the 1.1400 level. Lower still, will open up room to the strong support at the 1.1300/1.1275 congestion and 2023 year high. Meanwhile, resistance is at the 1.1573 high of April which is expected to cap and sustain losses from the 1.1631 high.