Published: 2025-09-17T01:25:30.000Z
Chart EUR/USD Update: Extending gains to fresh year high
0
1
Break above the 1.1800 level has seen follow-through to clear the 1.1830 July high to reach fresh year high at 1.1878
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.2050 | * | congestion | S1 | 1.1800 | * | congestion | |
| 14 | 1.2000 | ** | psychological | S2 | 1.1780 | * | 9 Sep high | |
| R2 | 1.1900/10 | * | congestion, Sep 2021 high | S3 | 1.1743 | ** | Aug high | |
| R1 | 1.1878 | ** | 16 Sep YTD high | S4 | 1.1700 | * | congestion |
Asterisk denotes strength of level
01:20 GMT - Break above the 1.1800 level has seen follow-through to clear the 1.1830 July high to reach fresh year high at 1.1878. Higher will see room to the extend the broader gains from September 2022 year low to the 1.1900/10 congestion area. Clearance here will see scope to strong resistance at the 1.2000 psychological level. Meanwhile, support is raised to the 1.1800/1.1780 area which is expected to underpin. Failure here will open up room deeper pullback to consolidate at the 1.1743/1.1700 support.