Published: 2025-05-15T01:47:09.000Z
Chart EUR/USD Update: Limited gains
Technical Analyst
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No follow-through on break of the 1.1200 resistance as prices settled back from test of the 1.1265 resistance
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1381 | * | 6 May high | S1 | 1.1145 | * | 3 Apr high | |
| 14 | 1.1307 | * | 23 Apr low | S2 | 1.1065 | ** | 12 May low | |
| R2 | 1.1265 | ** | 1 May low | S3 | 1.1040 | * | 38.2% Jan/Apr rally | |
| R1 | 1.1200/14 | * | congestion, 2024 year high | S4 | 1.1000 | * | congestion |
Asterisk denotes strength of level
01:35 GMT - No follow-through on break of the 1.1200 resistance as prices settled back from test of the 1.1265 resistance. However, daily studies are unwinding oversold readings and suggest room for further test above these. Higher will see room to resistance at the 1.1307/1.1381 area. Would need to regain this area to return focus to the upside. Meanwhile, support is raised to the 1.1145. Break here will return focus to the 1.1065 low and see room for deeper pullback to retrace the January/April rally to the 1.1000 congestion to 1.1040, 38.2% Fibonacci level.