Published: 11/03/25 at 01:47 UTC
Chart EUR/USD Update: Still firm above 1.0800, but stretched
Technical Analyst
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Little change, as prices extend consolidation below the 1.0900 level and unwind the overbought intraday and daily studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1000 | ** | Sep low | S1 | 1.0800 | * | congestion | |
| R3 | 1.0970 | * | 76.4% Sep/Jan fall | S2 | 1.0760 | * | Oct low | |
| R2 | 1.0937/50 | * | Nov, Jul highs | S3 | 1.0700 | * | congestion | |
| R1 | 1.0900 | * | congestion | S4 | 1.0665 | * | congestion, Jun low |
Asterisk denotes strength of level
01:40 GMT - Little change, as prices extend consolidation below the 1.0900 level and unwind the overbought intraday and daily studies. However, shallow pullback keeps pressure firmly on the upside and see room for extension to target the 1.0900 congestion. Break here will see room for extension to the 1.0937/50, November and July highs. Higher still will see scope to the 1.1000, September low. Meanwhile, support is raised to the 1.0800 congestion which now underpin and only below here will see room for deeper correction to the 1.0760 and 1.0700 support.