Published: 2025-04-04T01:46:07.000Z
Chart EUR/USD Update: Consolidating break to 1.1145, fresh year high
Technical Analyst
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Break of the March high at 1.0954 has seen strong rally to reach fresh year high at 1.1145
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1275 | ** | Jul 2023 year high | S1 | 1.1000 | * | congestion | |
| R3 | 1.1200/15 | ** | congestion, Sep 2024 year high | S2 | 1.0950/54 | * | congestion, 18 Mar high | |
| R2 | 1.1145 | ** | 3 Apr YTD high | S3 | 1.0900 | congestion | ||
| R1 | 1.1100 | congestion | S4 | 1.0850 | * | congestion, 31 Mar high |
Asterisk denotes strength of level
01:35 GMT - Break of the March high at 1.0954 has seen strong rally to reach fresh year high at 1.1145 before settling back to unwind the overbought intraday studies. However, the upside stays in focus and clearing the latter will see room for retest of the 1.1200/15 congestion and September 2024 year high. Meanwhile, support is raised to the 1.1000 level and this extend to the 1.0954, March high. This area should underpin on corrective pullback and sustain bullish run-up from the 1.0732, 27 March low.