Published: 2025-06-18T01:45:47.000Z
Chart EUR/USD Update: Leaning lower from 1.1631 high
Technical Analyst
1
Leaning lower from the 1.1631 high with break of support at 1.1500/1.1483 threatening deeper pullback to retrace rally from the 1.1065, May low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1665 | * | Aug 2021 low | S1 | 1.1450 | * | congestion | |
| 14 | 1.1631 | ** | 12 Jun YTd high | S2 | 1.1400 | * | congestion | |
| R2 | 1.1600 | * | congestion | S3 | 1.1275 | ** | 2023 year high | |
| R1 | 1.1573 | * | Apr high | S4 | 1.1210/00 | ** | congestion, 2024 year high |
Asterisk denotes strength of level
01:40 GMT - Leaning lower from the 1.1631 high with break of support at 1.1500/1.1483 threatening deeper pullback to retrace rally from the 1.1065, May low. lower will see room to the 1.1450/1.1400 congestion area which is expected to underpin. Failure here will open up room for deeper pullback to the strong support zone at the 1.1275/1.1200, 2023 and 2024 year highs. Meanwhile, resistance is lowered to April high at 1.1573 which is expected to cap and sustain pullback from the 1.1600/31 resistance.