Published: 03/04/25 at 10:24 UTC
Chart EUR/USD Update: January gains posting fresh 2025 highs
Senior Technical Strategist
1
Steady buying interest has posted a fresh 2025 year high around 1.1145
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1300 | * | congestion | S1 | 1.1100 | * | break level | |
| 14 | 1.1275 | ** | Jul 2023 (y) high | S2 | 1.1000 | ** | congestion | |
| R2 | 1.1200/15 | ** | cong; Sep 2024 (y) high | S3 | 1.0900 | * | break level | |
| R1 | 1.1145 | current 2025 (y) high | S4 | 1.0850 | break level |
Asterisk denotes strength of level
08:30 BST - Steady buying interest has posted a fresh 2025 year high around 1.1145, where flat overbought intraday studies are prompting short-term reactions. A test back below 1.1100 cannot be ruled out, but rising daily readings and positive weekly charts should limit scope in renewed buying interest above congestion support at 1.1000. Following cautious trade, January gains are expected to extend to strong resistance at 1.1200/15.