Published: 2025-07-02T01:49:52.000Z
Chart EUR/USD Update: Consolidating gains to 1.1830, fresh year high
Technical Analyst
1
Break above the 1.1800 level has seen gains posting fresh year high at 1.1830
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.2000/20 | ** | congestion, 38.2% 2008/2022 fall | S1 | 1.1707 | * | 30 Jun low | |
| 14 | 1.1900/10 | * | congestion, Sep 2021 high | S2 | 1.1631 | * | 12 Jun high | |
| R2 | 1.1850 | * | congestion | S3 | 1.1573 | ** | Apr high | |
| R1 | 1.1830 | ** | 1 Jul YTD high | S4 | 1.1500 | * | congestion |
Asterisk denotes strength of level
01:40 GMT - Break above the 1.1800 level has seen gains posting fresh year high at 1.1830. Consolidation here see prices unwinding overbought intraday studies. Clearance here will extend the underlying bull trend and see room to the 1.1850 congestion and 1.1900/10 area. However, the deep overbought daily studies caution corrective pullback. Meanwhile, support is raised to 1.1707 which should underpin. Would take break here to open up room for corrective pullback to the strong support at the 1.1631 and 1.1573, previous highs.