Chart EUR/USD Update: Turned up from fresh year low
Still probing for a bottom with push lower reaching fresh year low at 1.1113 before turning up to consolidate above 1.1150 congestion
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1350 | * | congestion | S1 | 1.1150 | congestion | ||
| R3 | 1.1325 | ** | Jun low | S2 | 1.1113 | ** | 14 Oct YTD low | |
| R2 | 1.1275 | * | 2023 year high | S3 | 1.1100 | * | congestion | |
| R1 | 1.1200/15 | * | congestion, 2024 yr high | S4 | 1.1065 | * | May 2025 low |
Asterisk denotes strength of level
01:50 GMT - Still probing for a bottom with push lower reaching fresh year low at 1.1113 before turning up to consolidate above 1.1150 congestion. Daily studies have turned up from oversold areas and suggest scope for stronger bounce to retrace losses from the 1.1710, August high. Regaining the 1.1200 level will open up room towards resistance at the 1.1250/75 area. Higher still, will see room to strong resistance at the 1.1325/50 June/July lows where reaction can be expected. Meanwhile, support at the 1.1150 congestion and 1.1113 low should underpin. Below here, if seen, will further retrace gains from the January 2025 year low.