Published: 2025-02-28T02:02:04.000Z
Chart EUR/USD Update: Extending losses
Technical Analyst
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Prices remains under pressure to extend rejection from the 1.0500/33 resistance
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.0570 | * | 38.2% Sep/Jan fall | S1 | 1.0350 | * | congestion | |
| R3 | 1.0533 | ** | 27 Jan YTD high | S2 | 1.0300/82 | ** | congestion, 10 Feb low | |
| R2 | 1.0500 | * | congestion | S3 | 1.0210 | * | 3 Feb low | |
| R1 | 1.0450 | * | congestion | S4 | 1.0177 | ** | 13 Jan YTD low |
Asterisk denotes strength of level
02:00 GMT - Prices remains under pressure to extend rejection from the 1.0500/33 resistance and January YTD high. Follow-through below the 1.0400 level open up room for deeper pullback to retrace gains from the 1.0210 low. Lower will see room to the 1.0350 congestion then the strong support at the 1.0300/1.0282 area which is expected to underpin. Higher low sought to pressure the upside later with resistance lowered to the 1.0450 congestion. Regaining this will revive upside focus and open up the 1.0500/33 resistance to retest.