Published: 2025-03-27T01:41:02.000Z
Chart EUR/USD Update: Extending losses
Technical Analyst
2
Pressure remains on the downside to extend losses from the 1.0950 resistance
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1000 | ** | Sep low | S1 | 1.0700 | * | congestion | |
| R3 | 1.0950 | ** | Jul high, congestion | S2 | 1.0665 | * | Jun low | |
| R2 | 1.0900 | * | congestion | S3 | 1.0600 | ** | Apr low, congestion | |
| R1 | 1.0800/22 | * | congestion, 13 Mar low | S4 | 1.0530 | ** | Jan, Feb highs |
Asterisk denotes strength of level
01:35 GMT - Pressure remains on the downside to extend losses from the 1.0950 resistance. Negative daily studies continues to weighs and break of the 1.0760 support opening up room to the 1.0700 congestion. Lower still, will see room to support at the 1.0665, June low. Losses are seen corrective and expected to give way to fresh buying interest later. Meanwhile, resistance is lowered to 1.0800/22 congestion and 13 March low which is expected to cap. Would need to regain this to revive upside focus and open up the 1.0900 level and 1.0950 high to retest.