Published: 2025-07-01T01:32:56.000Z
Chart EUR/USD Update: Extending gains
Technical Analyst
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Pressure remains firmly on the upside with gains reaching fresh high at 1.1806
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.2000 | ** | congestion | S1 | 1.1707 | * | 30 Jun low | |
| 14 | 1.1900/10 | * | congestion, Sep 2021 high | S2 | 1.1631 | * | 12 Jun high | |
| R2 | 1.1850 | * | congestion | S3 | 1.1573 | ** | Apr high | |
| R1 | 1.1800 | * | congestion | S4 | 1.1500 | * | congestion |
Asterisk denotes strength of level
01:30 GMT - Pressure remains firmly on the upside with gains reaching fresh high at 1.1806. Consolidation here see prices unwinding overbought intraday studies but a later break is expected. Daily studies are stretched as well but bullish momentum from the 1.1065 May low keeps focus firmly on the upside to extend the underlying bull trend from September 2022 year low. Clearance will see room to 1.1850 congestion. Meanwhile, support is raised to 1.1707 which should underpin. Break here will see room for deeper pullback to the strong support at the 1.1631 and 1.1573, previous highs.