Chart EUR/USD Update: Balanced beneath fresh 2025 year high
Renewed buying interest has posted a fresh 2025 year high around 1.1573
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1685 | ** | 76.4% ret of 2021-2022 fall | S1 | 1.1400 | * | congestion | |
| 14 | 1.1600 | congestion | S2 | 1.1275 | ** | July 2023 (y) high | ||
| R2 | 1.1573 | * | 21 Apr YTD high | S3 | 1.1200 | ** | congestion | |
| R1 | 1.1500 | ** | break level | S4 | 1.1100 | * | break level |
Asterisk denotes strength of level
08:35 BST - Renewed buying interest has posted a fresh 2025 year high around 1.1573, before settling back into consolidation around 1.1500 as intraday studies turn down. Daily readings have ticked higher once again and broader weekly charts are improving, suggesting room for further strength in the coming sessions. A break above 1.1500 will open up congestion around 1.1600. But already overbought weekly stochastics are expected to limit any immediate continuation beyond here in profit-taking towards the 1.1685 Fibonacci retracement. Meanwhile, support is raised to congestion around 1.1400. Any tests beneath here should be limited in consolidation/buying interest above the 1.1275 year high of July 2023.