Published: 2025-04-14T02:02:16.000Z
Chart EUR/USD Update: Consolidating below 1.1500 resistance
Technical Analyst
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Consolidating Friday's gains to fresh high at 1.1474 but pressure remains on the upside
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1700 | ** | Mar 2021 low | S1 | 1.1275 | * | Jul 2023 year high | |
| R3 | 1.1665 | * | Aug 2021 low | S2 | 1.1215/00 | * | Sep 2024 year high, congestion | |
| R2 | 1.1600 | * | congestion | S3 | 1.1145 | * | 3 Apr high | |
| R1 | 1.1495/00 | ** | Feb 2022 year high, congestion | S4 | 1.1100 | * | congestion |
Asterisk denotes strength of level
01:45 GMT - Consolidating Friday's gains to fresh high at 1.1474 but pressure remains on the upside and see scope to further extend bullish gains from last week. Nearby see scope to target the 1.1500 level. Gains beyond this, if seen, will see scope to strong resistance at the 1.1600/1.1700 area. However, overbought daily and weekly studies caution corrective pullback with support raised to 1.1275, the 2023 year high. Below this will open up room for deeper corrective pullback to the 1.1200/1.1145, congestion and previous highs.