Published: 2025-06-16T02:06:10.000Z
Chart EUR/USD Update: Range-bound in consolidation
Technical Analyst
2
Settled back in range from the 1.1631, 12 Jun current year high, as prices unwind overbought intraday and daily studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1700/05 | ** | congestion, Mar 2021 low | S1 | 1.1500 | * | congestion | |
| 14 | 1.1665 | * | Aug 2021 low | S2 | 1.1450/00 | * | congestion | |
| R2 | 1.1631 | ** | 12 Jun YTD high | S3 | 1.1310/00 | * | congestion | |
| R1 | 1.1600 | * | congestion | S4 | 1.1210/00 | ** | congestion, 2024 year high |
Asterisk denotes strength of level
02:00 GMT - Settled back in range from the 1.1631, 12 Jun current year high, as prices unwind overbought intraday and daily studies. However, pause here is expected to give way to further strength later and higher will see room to 1.1665, August 2021 high. Higher still, will see extension to resistance at 1.1700/05, March 2021 low. Meanwhile, support is raised to the 1.1500 level which should underpin. Below this open up room for deeper pullback to unwind overbought daily studies and retrace gains from the May low at 1.1065 to the 1.1450/1.1400 congestion area.