Published: 2025-03-24T02:01:21.000Z
Chart EUR/USD Update: Room for deeper pullback
Technical Analyst
1
Extending consolidation at the 1.0822/00 support but negative daily studies suggest room for deeper pullback
| 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
01:55 GMT - Extending consolidation at the 1.0822/00 support but negative daily studies suggest room for deeper pullback. 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. However, pullback from the 1.0950 congestion is seen corrective and expected to give way to fresh buying interest later. Meanwhile, resistance remains at the 1.0900 level and regaining this needed to ease the downside pressure and expose the 1.0950 high to retest.