Published: 2025-05-16T01:37:33.000Z
Chart EUR/USD Update: Range-bound below 1.1265 resistance
Technical Analyst
-
Little change, as prices drifts narrowly around the 1.1200 level following pullback from test of the 1.1265 resistance
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1381 | * | 6 May high | S1 | 1.1145 | * | 3 Apr high | |
| 14 | 1.1307 | * | 23 Apr low | S2 | 1.1065 | ** | 12 May low | |
| R2 | 1.1265 | ** | 1 May low | S3 | 1.1040 | * | 38.2% Jan/Apr rally | |
| R1 | 1.1200/14 | * | congestion, 2024 year high | S4 | 1.1000 | * | congestion |
Asterisk denotes strength of level
01:35 GMT - Little change, as prices drifts narrowly around the 1.1200 level following pullback from test of the 1.1265 resistance. Would need to clear the latter to extend bounce from the 1.1065 low to further retrace losses from the 1.1573, April high. Clearance will open up room for retest of the 1.1300 level then the 1.1381/1.1425 resistance area. Meanwhile, support at 1.1145 underpin. Break here will return focus to the 1.1065 low and see room for deeper pullback to retrace the January/April rally to the 1.1000 congestion to 1.1040, 38.2% Fibonacci level.