Published: 2025-12-23T01:44:55.000Z
Chart EUR/USD Update: Rebound return focus to 1.1804 high of last week
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Consolidation above the 1.1700 level has given way to rebound to fade the downside pressure from the 1.1804 high of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1200 | * | congestion | S1 | 1.1700 | * | congestion | |
| 14 | 1.1918 | ** | 17 Sep YTD high | S2 | 1.1682 | * | 4 Dec high | |
| R2 | 1.1900 | * | figure | S3 | 1.1650 | ** | congestion | |
| R1 | 1.1800/30 | ** | congestion, Jul high | S4 | 1.1615/00 | ** | 9 Dec low, congestion |
Asterisk denotes strength of level
01:35 GMT - Consolidation above the 1.1700 level has given way to rebound to fade the downside pressure from the 1.1804 high of last week. Focus return to the latter and break here will extend gains from the 1.1470, November low. Higher will see room to retest the 1.1830, July high. Break here will return focus to the 1.1918, September YTD high. Clearance here will extend the broader gains from the September 2022 low to the 1.1200 level. Meanwhile, support at the 1.1700/1.1682 area should underpin and sustain the bullish gains from November low.