Published: 2025-03-21T01:40:58.000Z
Chart EUR/USD Update: Room to extend corrective pullback
Technical Analyst
2
Consolidation below the 1.0950 resistance has given way to pullback to the 1.0822/00 support
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1050 | * | congestion | S1 | 1.0822/00 | ** | congestion | |
| R3 | 1.1000 | ** | Sep low | S2 | 1.0760 | * | Oct low | |
| R2 | 1.0950 | ** | Jul high, congestion | S3 | 1.0700 | * | congestion | |
| R1 | 1.0900 | * | congestion | S4 | 1.0665 | * | Jun low |
Asterisk denotes strength of level
01:35 GMT - Consolidation below the 1.0950 resistance has given way to pullback to the 1.0822/00 support as prices unwind the overbought intraday and daily studies. Break here will open up room for deeper pullback to correct strong gains from the 1.0360, 28 February low. Lower will see room to 1.0760 support and the 1.0700 congestion. Corrective pullback expected to give way to fresh buying interest later. Meanwhile, resistance is lowered to the 1.0900 level and this should cap bounce attempt and sustain losses from the 1.0950 high.