Published: 2025-03-17T01:58:09.000Z
Chart EUR/USD Update: Limited pullback from 1.0937/50 resistance
Technical Analyst
2
Lower in range from the 1.0937/50 resistance as prices unwind the overbought intraday studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1050 | * | congestion | S1 | 1.0800 | * | congestion | |
| R3 | 1.1000 | ** | Sep low | S2 | 1.0760 | * | Oct low | |
| R2 | 1.0937/50 | ** | Nov, Jul highs | S3 | 1.0700 | * | congestion | |
| R1 | 1.0900 | * | congestion | S4 | 1.0665 | * | Jun low |
Asterisk denotes strength of level
01:50 GMT - Lower in range from the 1.0937/50 resistance as prices unwind the overbought intraday studies. The daily studies are stretched as well and suggest room for deeper pullback to the 1.0800 congestion and 1.0760 support. This area is expected to underpin and sustain the strong rally from the 1.0360, 28 February low. Would take break here to fade the upside pressure and open up room for deeper pullback to 1.0700/1.0665 support. Meanwhile, resistance is lowered to 1.0900 then the 1.0937/50 area. Clearance here will see room for extension to the 1.1000 figure.