Published: 2025-04-08T01:57:22.000Z
Chart EUR/USD Update: Extend consolidation below 1.1145 high
Technical Analyst
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Extending choppy trade above the 1.0878 low as prices unwind the oversold intraday studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1200/15 | ** | congestion, Sep 2024 year high | S1 | 1.0878 | * | 7 Apr low | |
| R3 | 1.1145 | ** | 3 Apr YTD high | S2 | 1.0850 | * | congestion, 31 Mar high | |
| R2 | 1.1100 | * | congestion | S3 | 1.0800 | * | congestion | |
| R1 | 1.1000/50 | * | congestion | S4 | 1.0732 | ** | 27 Mar low |
Asterisk denotes strength of level
01:50 GMT - Extending choppy trade above the 1.0878 low as prices unwind the oversold intraday studies. Bounce here see room for retest of the 1.1000/50 congestion area. Would take break here to clear the way for retest of the 1.1145 high and see scope to retest the 1.1200/15 congestion and September 2024 year high. However, a deeper corrective pullback cannot be ruled out and below the 1.0878 low will see room to the 1.0850 support and 1.0800 congestion. Below the latter will expose strong support at 1.0732 low to retest.