Chart EUR/USD Update: Balanced above fresh year low - studies under pressure
Anticipated losses have posted a fresh year low at the 1.1065 monthly low of 12 May 2025
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1270 | ** | 16 Oct (w) high | S1 | 1.1065 | ** | 12 May 25 (m) low | |
| R3 | 1.1250 | congestion tops | S2 | 1.1000 | ** | congestion | ||
| R2 | 1.1200 | ** | break level | S3 | 1.0900 | ** | 61.8% ret of 2025-2026 fall | |
| R1 | 1.1150 | congestion | S4 | 1.0850 | * | congestion |
*Asterisk denotes strength of level
08:30 GMT - Anticipated losses have posted a fresh year low at the 1.1065 monthly low of 12 May 2025, where flat oversold intraday studies are prompting choppy consolidation. Daily stochastics and the daily Tension Indicator are falling, and broader weekly charts are also deteriorating, highlighting room for further losses in the coming sessions. A close below 1.1065 will add weight to already bearish price action and extend January losses towards congestion around 1.1000. Already oversold weekly stochastics could limit any initial tests below here in short-covering/consolidation above the 1.0900 Fibonacci retracement.
Meanwhile, resistance is lowered to congestion around 1.1150. A close above here, if seen, would help to stabilise price action and prompt consolidation beneath 1.1200.