Published: 2025-06-25T01:49:54.000Z
Chart EUR/USD Update: Reached fresh year high, still room to extend
Technical Analyst
1
Break above the 1.1573 resistance has seen extension to reach fresh year high at 1.1641
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1755 | * | 22 Sep 2021 high | S1 | 1.1573 | * | Apr high | |
| 14 | 1.1700 | ** | congestion | S2 | 1.1500 | * | congestion | |
| R2 | 1.1685 | * | 76.4% 2021/2022 fall | S3 | 1.1445 | ** | 19 Jun low | |
| R1 | 1.1641 | ** | 24 Jun YTD high | S4 | 1.1400 | * | congestion |
Asterisk denotes strength of level
01:40 GMT - Break above the 1.1573 resistance has seen extension to reach fresh year high at 1.1641. Daily and weekly studies are tracking higher and suggest scope for further gains to 1.1685, 76.4% Fibonacci level. Beyond this will open up room to the 1.1700 congestion where reaction can be expected. Clearance will further extend the broader gains from September 2022 low to 1.1755/1.1800 area. Meanwhile, support is raised to the 1.1573/1.1500, April high and congestion area which should underpin and sustain bounce from the 1.1445 support.