Published: 2025-05-30T02:00:52.000Z
Chart EUR/USD Update: Consolidating rebound from 1.1200 support
Technical Analyst
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Rebound from the 1.1265/1.1200 support see prices back to pressure the 1.1400 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1600 | * | congestion | S1 | 1.1265 | * | 15 Apr low, congestion | |
| 14 | 1.1573 | ** | 21 Apr YTD high | S2 | 1.1200 | ** | 2024 year high, congestion | |
| R2 | 1.1474 | * | 11 Apr high | S3 | 1.1130 | * | 16 May low | |
| R1 | 1.1400/25 | * | congestion, 28 Apr high | S4 | 1.1065 | ** | 12 May low |
Asterisk denotes strength of level
01:50 GMT - Rebound from the 1.1265/1.1200 support see prices back to pressure the 1.1400 level. Break here and the 1.1425 resistance will return focus to the upside for retest of the 1.1474 and 1.1573 highs. Clearance here will extend the underlying bull trend from the September 2022 low and see strong retracement of the steep 2021/2022 losses. Meanwhile, support is raised to the 1.1265 congestion which is expected to underpin and sustain bounce from the 1.1200 support. Would take break here to open up 1.1065, 12 May low to retest.