Published: 2025-03-12T02:07:23.000Z
Chart EUR/USD Update: Up to tag 1.0950 resistance
Technical Analyst
1
Settling back from fresh high at the 1.0937/50 resistance as intraday studies unwind overbought intraday studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1100 | * | congestion | S1 | 1.0850 | * | congestion | |
| R3 | 1.1050 | * | congestion | S2 | 1.0800 | * | congestion | |
| R2 | 1.1000 | ** | Sep low | S3 | 1.0760 | * | Oct low | |
| R1 | 1.0937/50 | * | Nov, Jul highs | S4 | 1.0700 | * | congestion |
Asterisk denotes strength of level
02:00 GMT - Settling back from fresh high at the 1.0937/50 resistance as intraday studies unwind overbought intraday studies. Daily studies are stretched as well but strong rally from the 28 February low at 1.0360 low showing no signs of faltering. Higher will see room to strong resistance at the 1.1000 figure. Break here, if seen, will return focus to the 1.1200, August/September 2024 year highs. Meanwhile, support is raised to the 1.0850/1.0800 congestion area which is expected to underpin. Would take break here to open up room for deeper correction to the 1.0760 and 1.0700 support.