Published: 2026-03-10T01:47:32.000Z
Chart EUR/USD Update: Bounce from fresh year low
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Break to fresh low has met with fresh buying interest above the 1.1500 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1800/30 | ** | congestion, Jul high | S1 | 1.1578 | * | Jan low | |
| 14 | 1.1765 | ** | 6 Feb low, congestion | S2 | 1.1507 | ** | 9 Mar YTD low | |
| R2 | 1.1700 | * | congestion | S3 | 1.1470 | ** | Nov low | |
| R1 | 1.1650 | * | congestion | S4 | 1.1400 | * | congestion |
Asterisk denotes strength of level
01:40 GMT - Break to fresh low has met with fresh buying interest above the 1.1500 level as prices unwind oversold intraday studies. Daily studies are turning higher from oversold areas as well and suggest room for stronger gains to retrace recent sharp losses from the February high towards resistance at the 1.1650/1.1700 area. Above the latter will open up room to strong resistance at 1.1765 and 1.1800/30 area. Meanwhile, support is raised to the 1.1600/1.1578 congestion and low of January, now expected to underpin and sustain bounce from the 1.1507 current year low.