Published: 2025-06-24T01:55:28.000Z
Chart EUR/USD Update: Rebound return focus to 1.1631 current year high
Technical Analyst
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Consolidation above the 1.1445 low has given way to rebound through the 1.1573 resistance to reach the 1.1600 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1700 | ** | congestion | S1 | 1.1500 | * | congestion | |
| 14 | 1.1685 | * | 76.4% 2021/2022 fall | S2 | 1.1445 | ** | 19 Jun low | |
| R2 | 1.1631 | ** | 12 Jun YTD high | S3 | 1.1400 | * | congestion | |
| R1 | 1.1600 | * | congestion | S4 | 1.1275 | ** | 2023 year high |
Asterisk denotes strength of level
01:50 GMT - Consolidation above the 1.1445 low has given way to rebound through the 1.1573 resistance to reach the 1.1600 level. Daily studies have turned positive and suggest scope for break here to expose the 1.1631 current year high to retest. Clearance will extend the broader gains from September 2022 low to retrace losses from 2021 high to 1.1685, 76.4% Fibonacci level, and the 1.1700 level. Support is raised to the 1.1500 which extend to the 1.1445 low of last week. This area should underpin and sustain gains from the 1.1065, May swing low.