Published: 2025-06-27T01:37:05.000Z
Chart EUR/USD Update: Consolidating below 1.1745, fresh year high
Technical Analyst
4
Break above the 1.1700 level has seen gains reaching fresh year high at 1.1745 before settling back in consolidation
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1900/10 | * | congestion, 3 Sep 2021 high | S1 | 1.1631 | * | 12 Jun high | |
| 14 | 1.1850 | * | congestion | S2 | 1.1573 | * | Apr high | |
| R2 | 1.1800 | * | congestion | S3 | 1.1500 | * | congestion | |
| R1 | 1.1755 | * | 22 Sep 2021 high | S4 | 1.1445 | ** | 19 Jun low |
Asterisk denotes strength of level
01:30 GMT - Break above the 1.1700 level has seen gains reaching fresh year high at 1.1745 before settling back in consolidation to unwind overbought intraday studies. Daily studies are stretched as well and caution corrective pullback to retrace strong bounce from the 1.1445 support. Return below the 1.1700 level see room for pullback to support at the 1.1631 and 1.1573, previous highs. Below these will open up room to retest 1.1500 congestion. Break above the 1.1745 high and 1.1755 resistance will further extend underlying bull trend from September 2022 year low.