Chart EUR/USD Update: Consolidating at 1.1113 fresh year low
Edged up from marginal fresh year low at 1.1113 as prices consolidate losses from the recent swing high just below the 1.1275 resistance
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1325 | ** | Jun low | S1 | 1.1113 | ** | 28 Oct YTD low | |
| R3 | 1.1275 | ** | 2023 year low | S2 | 1.1100 | * | congestion | |
| R2 | 1.1200 | * | congestion | S3 | 1.1065 | * | May 2025 low | |
| R1 | 1.1150 | * | congestion | S4 | 1.1000 | ** | figure, congestion |
Asterisk denotes strength of level
01:50 GMT - Edged up from marginal fresh year low at 1.1113 as prices consolidate losses from the recent swing high just below the 1.1275 resistance. However, bearish stucture keep pressure on the downside and further losses cannot be ruled out. Lower will see room for extension of the broader losses from 1.2083 January current year high to support at 1.1065, May 2025 low. Meanwhile, resistance is lowered to the 1.1150/1.1200 congestion area which is expected to cap. Would need to regain these to ease the downside pressure and open up room to strong resistance at 1.1275 and 1.1325.