Published: 2025-03-19T01:33:54.000Z
Chart EUR/USD Update: Consolidating test of 1.0950 resistance
Technical Analyst
1
Consolidating test of the 1.0950 resistance but pressure remains on the upside
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1100 | * | congestion | S1 | 1.0822/00 | ** | congestion | |
| R3 | 1.1050 | * | congestion | S2 | 1.0760 | * | Oct low | |
| R2 | 1.1000 | ** | Sep low | S3 | 1.0700 | * | congestion | |
| R1 | 1.0950 | ** | Jul high, congestion | S4 | 1.0665 | * | Jun low |
Asterisk denotes strength of level
01:30 GMT - Consolidating test of the 1.0950 resistance but pressure remains on the upside and suggest scope for break. Clearance will see room for extension to the strong resistance at the 1.100O, September low. However, deep overbought daily and weekly studies caution corrective pullback. Meanwhile, support is raised to the 1.0900 level. Below this will open up room for pullback to the 1.0822/00 area which is expected to underpin. Would take break here to turn focus lower to correct recent strong gains from the 1.0360, 28 February low.