Published: 2025-04-09T01:44:20.000Z
Chart EUR/USD Update: Extending bounce from 1.0878 low
Technical Analyst
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Turned higher from the 1.0878 low as prices unwind the oversold intraday studies to regain the 1.0950 resistance
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1200/15 | ** | congestion, Sep 2024 year high | S1 | 1.0950 | * | Mar high | |
| R3 | 1.1145 | ** | 3 Apr YTD high | S2 | 1.0878 | * | 7 Apr low | |
| R2 | 1.1100 | * | congestion | S3 | 1.0850 | * | congestion, 31 Mar high | |
| R1 | 1.1050 | * | congestion | S4 | 1.0800 | * | congestion |
Asterisk denotes strength of level
01:40 GMT - Turned higher from the 1.0878 low as prices unwind the oversold intraday studies to regain the 1.0950 resistance. Break here has seen extension to retest the 1.1000/50 congestion area. Would take break here to clear the way for retest of the 1.1100 level and the 1.1145 high. Clearance here will return focus to the 1.1200/15 congestion and September 2024 year high. Meanwhile, support is raised to the March high at 1.0950 which should underpin and sustain bounce from the 1.0878 low.