Published: 2025-06-25T07:48:41.000Z
Chart EUR/USD Update: Consolidating at fresh year highs
Senior Technical Strategist
1
Anticipated gains have posted a fresh 2025 year high around 1.1640
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1800 | * | congestion | S1 | 1.1600 | * | congestion | |
| R3 | 1.1700 | * | congestion | S2 | 1.1500 | * | congestion | |
| R2 | 1.1685 | ** | 76.4% ret of 2021-2022 fall | S3 | 1.1446 | * | 19 Jun (w) low | |
| R1 | 1.1640 | 24 Jun YTD high | S4 | 1.1400 | * | congestion |
*Asterisk denotes strength of level
08:40 BST - Anticipated gains have posted a fresh 2025 year high around 1.1640, before settling into consolidation above congestion support at 1.1600 as overbought intraday studies unwind. Daily readings continue to rise and broader weekly charts are also improving, suggesting room for further strength in the coming sessions. But a close above the 1.1685 multi-month Fibonacci retracement is needed to turn sentiment positive and confirm continuation of broad September 2022 gains. Meanwhile, a close back below 1.1600 would turn sentiment neutral and prompt consolidation above further congestion around 1.1500.