Chart EUR/USD Update: Balanced at fresh 2025 year high - studies rising
Anticipated buying interest has posted a fresh 2025 year high just above congestion resistance at 1.1800
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.2100 | break level | S1 | 1.1700 | * | congestion | ||
| R3 | 1.2000/20 | ** | cong; 38.2% ret of 2008-2022 fall | S2 | 1.1600 | * | congestion | |
| R2 | 1.1900 | * | congestion | S3 | 1.1500 | * | congestion | |
| R1 | 1.1800 | * | congestion | S4 | 1.1446 | * | 19 Jun (w) low |
*Asterisk denotes strength of level
08:35 BST - Anticipated buying interest has posted a fresh 2025 year high just above congestion resistance at 1.1800. Overbought intraday studies are turning down and overbought daily stochastics are flattening, suggesting room for consolidation beneath here. However, the daily Tension Indicator continues to rise and weekly charts are positive, pointing to room for further strength in the coming sessions. A later close above 1.1800 will improve sentiment once again and extend broad September 2022 gains towards further congestion around 1.1900. Meanwhile, support remains at congestion around 1.1700. A close beneath here, if seen, will add weight to sentiment and open up congestion around 1.1600, where fresh consolidation is expected to appear.