Published: 2025-04-11T02:02:34.000Z
Chart EUR/USD Update: Consolidating break to fresh year high
Technical Analyst
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Bullish break of the 1.1200/15 highs has seen gains to reach fresh year high at 1.1384
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1570 | * | Oct 2021 low | S1 | 1.1275 | * | Jul 2023 year high | |
| R3 | 1.1495/00 | ** | Feb 2022 year high, congestion | S2 | 1.1215/00 | * | Sep 2024 year high, congestion | |
| R2 | 1.1400 | * | congestion | S3 | 1.1145 | * | 3 Apr high | |
| R1 | 1.1384 | intraday high | S4 | 1.1100 | * | congestion |
Asterisk denotes strength of level
01:50 GMT - Bullish break of the 1.1200/15 highs has seen gains to reach fresh year high at 1.1384. Pause here see prices unwinding the overbought intraday studies but potential remains for further gains later. Nearby will see room to the 1.1400 level and beyond this will see scope to retest the 1.1495, February 2022 year high. Would expect reaction here to unwind overbougth daily and weekly studies. Meanwhile, support is raised to the 1.1275/1.1215, 2023 and 2024 year highs. Would take break here to open up room for deeper correction to the 1.1145/1.1100 area.