Published: 2025-04-10T01:36:26.000Z
Chart EUR/USD Update: Extending choppy trade below 1.1100/45 highs
Technical Analyst
1
Extending choppy trade above the 1.0878 Monday's low with the long pin bar at the 1.1100 and 1.1145 highs keeping gains in check
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1200/15 | ** | congestion, Sep 2024 year high | S1 | 1.0900 | * | congestion | |
| R3 | 1.1145 | ** | 3 Apr YTD high | S2 | 1.0878 | * | 7 Apr low | |
| R2 | 1.1100 | * | congestion | S3 | 1.0850 | * | congestion, 31 Mar high | |
| R1 | 1.1000 | * | congestion | S4 | 1.0800 | * | congestion |
Asterisk denotes strength of level
01:30 GMT - Extending choppy trade above the 1.0878 Monday's low with the long pin bar at the 1.1100 and 1.1145 highs keeping gains in check. Mixed daily studies suggest further ranging action below these before scope seen for break to open up the 1.1200/15, August/September highs to retest. Meanwhile, support remains at the 1.0950/1.0900 area which should underpin and sustain bounce from the 1.0878 low. Only failure here will open up room for deeper correction to retrace strong gains from the 1.0177, January YTD low.