Published: 2025-06-13T07:48:25.000Z
Chart EUR/USD Update: Balanced beneath fresh 2025 year high - studies edging higher
Senior Technical Strategist
1
Sharp buying interest has posted a fresh 2025 year high around 1.1630
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1700 | ** | break level | S1 | 1.1500 | * | congestion | |
| 14 | 1.1685 | ** | 76.4% ret of 2021-2022 fall | S2 | 1.1400 | * | congestion | |
| R2 | 1.1630 | ** | 12 Jun YTD high | S3 | 1.1357 | * | 4 Jun low | |
| R1 | 1.1600 | ** | congestion | S4 | 1.1300 | * | break level |
*Asterisk denotes strength of level
08:35 BST - Sharp buying interest has posted a fresh 2025 year high around 1.1630, before settling back as overbought intraday studies unwind. Support is at congestion around 1.1500, but rising daily readings and mixed weekly charts are expected to limit any tests beneath here in renewed buying interest above further congestion around 1.1400. Following cautious trade, fresh gains are looked for. A later close above congestion resistance at 1.1600 will improve price action and open up the 1.1685 Fibonacci retracement. Just higher is the 1.1700 break level. This tight range could prompt more significant profit-taking.