Published: 2025-06-10T01:27:14.000Z
Chart EUR/USD Update: Leaning lower in consolidation
Technical Analyst
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Turned lower in consolidation from the 1.1495 high of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1665 | * | Aug 2021 low | S1 | 1.1360 | congestion | ||
| 14 | 1.1600/15 | * | congestion | S2 | 1.1310/00 | * | congestion | |
| R2 | 1.1573 | ** | 21 Apr YTD high | S3 | 1.1265 | * | 15 Apr low, congestion | |
| R1 | 1.1500 | figure | S4 | 1.1200 | ** | 2024 year high, congestion |
Asterisk denotes strength of level
01:25 GMT - Turned lower in consolidation from the 1.1495 high of last week as prices unwind overbought intraday studies. Daily and weekly studies are overbought as well and see scope for deeper corrective pullback of rally from the 1.1065, 12 May low. Below the 1.1400 congestion see room for deeper pullback to support at 1.1360 and 1.1310/00 area. Below the latter, will see room to 1.1265 congestion and strong support at 1.1200. Meanwhile, resistance is at 1.1495 high. Would need to clear this and 1.1500 to open up room for retest of 1.1573, 21 April YTD high.