Published: 2025-03-06T08:39:35.000Z
Chart EUR/USD Update: Pressuring 1.0800/15
Senior Technical Strategist
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January gains have extended
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.0900 | * | break level | S1 | 1.0600 | ** | congestion | |
| 14 | 1.0875 | break level | S2 | 1.0533 | ** | 27 Jan (m) high | ||
| R2 | 1.0815 | ** | 61.8% ret of Sep-Jan fall | S3 | 1.0500 | * | break level | |
| R1 | 1.0800 | ** | break level | S4 | 1.0450 | congestion |
Asterisk denotes strength of level
08:30 GMT - January gains have extended, with prices currently pressuring resistance at 1.0800 and the 1.0815 Fibonacci retracement. Overbought intraday studies are turning down, highlighting potential for consolidation around here. But daily readings continue to rise, pointing to room for a later break and continuation towards 1.0900. However, flattening overbought weekly stochastics are expected to prompt renewed selling interest towards here and limit any initial tests in consolidation. Meanwhile, support remains down to congestion around 1.0600, and should underpin any immediate setbacks.