Published: 2025-05-09T01:48:11.000Z
Chart EUR/USD Update: Under pressure, 1.1200 support at risk
Technical Analyst
2
Consolidation above the 1.1265 support has given way to break to extend losses from the 1.1573, April YTD high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1474 | * | 11 Apr high | S1 | 1.1200 | ** | Aug/Sep 2024 year high | |
| 14 | 1.1400/25 | ** | congestion, 28 Apr high | S2 | 1.1145 | * | 3 Apr high | |
| R2 | 1.1300 | * | congestion | S3 | 1.1000 | * | figure, congestion | |
| R1 | 1.1265 | * | 1 May low | S4 | 1.1040 | * | 38.2% Jan/Apr rally |
Asterisk denotes strength of level
01:40 GMT - Consolidation above the 1.1265 support has given way to break to extend losses from the 1.1573, April YTD high. Both daily and weekly studies have turned down from overbought areas and strong support at the 1.1200 level now under threat. Break here will open up room for deeper losses to retrace the January/April rally. Lower will see room to the 3rd April high at 1.1145 then the 1.1100/1.1000 area. Meanwhile, previous support at 1.1265 now reverts to resistance and this extend to the 1.1300 congestion.