Chart EUR/USD Update: Pressuring 1.1250/75 resistance
Consolidation around the 1.1200 level has given way to sharp break to extend bounce from the 1.1105 current year low to pressure the 1.1250/75 area
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1410 | ** | Mar low | S1 | 1.1200 | * | congestion | |
| R3 | 1.1350 | * | congestion | S2 | 1.1150 | * | congestion | |
| R2 | 1.1325 | ** | Jun low | S3 | 1.1105 | ** | 29 Oct YTD low | |
| R1 | 1.1275 | * | 2023 year low | S4 | 1.1065 | * | May 2025 low |
Asterisk denotes strength of level
01:45 GMT - Consolidation around the 1.1200 level has given way to sharp break to extend bounce from the 1.1105 current year low to pressure the 1.1250/75 area. Break here will confirm a double bottom at the 1.1113/05 October lows and see room for stronger recovery to retrace sharp losses from the 1.1710 August high. Clearance will turn focus to strong resistance at the 1.1325/50, June/July lows. Higher, still will see scope to the 1.1410, March low. Meanwhile, support is raised to the 1.1200 congestion which should underpin and sustain bounce from the 1.1113/05 lows.