Published: 2025-03-10T01:55:35.000Z
Chart EUR/USD Update: Within reach of 1.0900
Technical Analyst
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Just shy of the 1.0900 level following break of resistance at the 1.0533 resistance last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1000 | ** | Sep low | S1 | 1.0800 | * | congestion | |
| R3 | 1.0970 | * | 76.4% Sep/Jan fall | S2 | 1.0760 | * | Oct low | |
| R2 | 1.0937/50 | * | Nov, Jul highs | S3 | 1.0700 | * | congestion | |
| R1 | 1.0900 | * | congestion | S4 | 1.0665 | * | congestion, Jun low |
Asterisk denotes strength of level
01:50 GMT - Just shy of the 1.0900 level following break of resistance at the 1.0533 resistance last week. Consolidation below the 1.0888 high see prices unwinding overbought intraday and daily studies but shallow pullback keeps pressure firmly on the upside and see room for extension to target the 1.0900 congestion. Break here will see room to the 1.0937/50, November and July highs. Higher still will see scope to the 1.1000, September low. Meanwhile, support is raised to the 1.0800 congestion which should underpin. Only below here will see room for deeper correction to the 1.0760/1.0700 area.