Published: 2025-03-25T02:33:55.000Z
Chart EUR/USD Update: Consolidating at 1.0800, room for lower later
Technical Analyst
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No follow-through on break of the 1.0800 level but consolidation above the 1.0781 level expected to give way to further losses later
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1000 | ** | Sep low | S1 | 1.0760 | * | Oct low | |
| R3 | 1.0950 | ** | Jul high, congestion | S2 | 1.0700 | * | congestion | |
| R2 | 1.0900 | * | congestion | S3 | 1.0665 | * | Jun low | |
| R1 | 1.0822 | * | 13 Mar low | S4 | 1.0600 | * | congestion |
Asterisk denotes strength of level
02:30 GMT - No follow-through on break of the 1.0800 level but consolidation above the 1.0781 level expected to give way to further losses later. The negative daily studies weighs and break will open up room for deeper pullback to correct strong gains from the 1.0360, 28 February low. Lower will see room to 1.0760 support and the 1.0700 congestion. Losses are seen corrective and expected to give way to fresh buying interest later. Meanwhile, resistance is lowered to 1.0822 previous low and regaining this will open up the 1.0900 level and 1.0950 high to retest.