Published: 2025-04-17T01:30:44.000Z
Chart EUR/USD Update: Extend consolidation below 1.1474 high
Technical Analyst
1
Little change, as prices extend consolidation below the 1.1474 high of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1700 | ** | Mar 2021 low | S1 | 1.1275 | * | Jul 2023 year high | |
| R3 | 1.1665 | * | Aug 2021 low | S2 | 1.1215/00 | * | Sep 2024 year high, congestion | |
| R2 | 1.1600 | * | congestion | S3 | 1.1145 | * | 3 Apr high | |
| R1 | 1.1495/00 | ** | Feb 2022 year high, congestion | S4 | 1.1100 | * | congestion |
Asterisk denotes strength of level
01:25 GMT - Little change, as prices extend consolidation below the 1.1474 high of last week and unwind overbought daily studies. Pullback see support starting at the 1.1275 and extending to 1.1200 level, being 2023 and 2024 year highs. This area should underpin while break will open up room for deeper correction of the strong run-up from the January low to the 1.1145/1.1100 area. Corrective pullback is expected to give way to renewed buying interest can later. Meanwhile, break above the 1.1474 high and 1.1500 figure will open up room for extension to strong resistance at the 1.1600/1.1700 area.