Published: 03/04/25 at 01:39 UTC
Chart EUR/USD Update: Rebound return focus to 1.0954 high
Technical Analyst
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Congestion below the 1.0850 Monday's high has given way to break to extend gains from the 1.0732 low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1050 | * | congestion | S1 | 1.0850 | * | congestion, 31 Mar high | |
| R3 | 1.1000 | * | congestion | S2 | 1.0800 | * | congestion | |
| R2 | 1.0950/54 | ** | Jul high, 18 Mar YTD high | S3 | 1.0732 | ** | 27 Mar low | |
| R1 | 1.0900 | * | congestion | S4 | 1.0700 | * | congestion |
Asterisk denotes strength of level
01:30 GMT - Congestion below the 1.0850 Monday's high has given way to break to extend gains from the 1.0732 low. Clearing the 1.0900 congestion will return focus to the 1.0950/54 resistance and March YTD high. Would expected reaction on retest of the latter but scope is seen for break to extend gains from the 1.0177, January YTD low. Higher will see room to resistance at 1.1000. Meanwhile, support is raised to the 1.0850 Monday's high which should now underping and sustain gains from the 1.0732 low.