Chart EUR/USD Update: Balanced within the 1.0900/36 range
Choppy trade around 1.0900 has extended to the 1.0936 monthly high of 5-6 November
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1000 | ** | break level | S1 | 1.0800 | * | break level | |
| 14 | 1.0970 | ** | 76.4% ret of Sep-Jan fall | S2 | 1.0765 | * | 6 Mar low | |
| R2 | 1.0936 | ** | 5-6 Nov (m) high | S3 | 1.0600 | ** | congestion | |
| R1 | 1.0900 | * | break level | S4 | 1.0533 | ** | 27 Jan (m) high |
Asterisk denotes strength of level
08:40 GMT - Choppy trade around 1.0900 has extended to the 1.0936 monthly high of 5-6 November. Prices have tested above here, posting a fresh 2025 year high around 1.0947, before settling back into fresh consolidation. Intraday studies are under pressure and daily stochastics are flat in overbought areas, suggesting potential for a minor test lower. But the rising daily Tension Indicator and positive weekly charts should limit any losses in renewed buying interest above support at 1.0800. Following cautious trade, fresh gains are looked for. But a close above 1.0936 is needed to turn sentiment positive and extend January gains towards the 1.0970 Fibonacci retracement, where more significant selling interest is expected to appear.