Chart EUR/USD Update: Consolidating test of 1.1900/18 resistance
Gap up at the open has seen prices reaching the 1.1900 level before settling back in consolidate strong gains from the 1.1576 low of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.2100 | * | congestion | S1 | 1.1833 | * | 23 Jan high, gap | |
| 14 | 1.2020 | * | 38.2% 2008/2022 fall | S2 | 1.1808/00 | ** | Dec high, congestion | |
| R2 | 1.2000 | ** | trendline from 2018 | S3 | 1.1750 | * | congestion | |
| R1 | 1.1918 | ** | Sep 2025 year high | S4 | 1.1700/70 | * | congestion, 22 Jan low |
Asterisk denotes strength of level
01:25 GMT - Gap up at the open has seen prices reaching the 1.1900 level before settling back in consolidate strong gains from the 1.1576 low of last week. Positive daily and weekly studies keeps pressure on the upside and consolidation below 1.1900 level and 1.1918 September 2025 year high is expected to give way to break later to extend the broader gains from 2022 year low. Higher will see room to test the 1.2000 figure and trendline from the 2018 high. Meanwhile, support starts at the 1.1833 Friday's high and gap area and this extend to the 1.1808/00, December high and congestion area.