Published: 2025-02-20T01:42:00.000Z
Chart EUR/USD Update: Remains in consolidation
Technical Analyst
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Extending pullback from the 1.0533 high to reach support at the 1.0400 congestion as prices unwind the overbought intraday and daily studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.0600 | * | congestion | S1 | 1.0400 | * | congestion | |
| R3 | 1.0570 | * | 38.2% Sep/Jan fall | S2 | 1.0350 | * | congestion | |
| R2 | 1.0533 | ** | 27 Jan YTD high | S3 | 1.0300/82 | ** | congestion, 10 Feb low | |
| R1 | 1.0500 | * | congestion | S4 | 1.0210 | ** | 3 Feb low |
Asterisk denotes strength of level
01:40 GMT - Extending pullback from the 1.0533 high to reach support at the 1.0400 congestion as prices unwind the overbought intraday and daily studies. Lower will see room to 1.0350 support which should underpin. Corrective pullback is expected to give way to fresh buying interest later and break above the 1.0500/33 resistance will extend gains from the 1.0177 January YTD low and see room for strong recovery and retrace losses from the August/September double top. Break will see extension towards 1.0570, 38.2% Fibonacci level.