Published: 2026-03-12T01:46:15.000Z
Chart EUR/USD Update: Leaning lower, 1.1507 low at risk
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Leaning lower after bounce attempt was checked beneath the 200-day MA
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1765 | ** | 6 Feb low | S1 | 1.1507 | ** | 9 Mar YTD low | |
| 14 | 1.1700 | * | congestion | S2 | 1.1470 | ** | Nov low | |
| R2 | 1.1667 | * | 10 Mar high | S3 | 1.1400 | * | congestion | |
| R1 | 1.1600 | * | congestion | S4 | 1.1355 | * | 38.2% 2025/Jan rally |
Asterisk denotes strength of level
01:40 GMT - Leaning lower after bounce attempt was checked beneath the 200-day MA. Rejection from the 1.1667 high see pressure returning to the downside to set up scope for retest of Monday's 1.1507 current year low. Break here will extend the January losses to further retrace gains from the January 2025 year low. Lower will see room to support at the 1.1470 November low and 1.1400 congestion. Meanwhile, resistance is at the 1.1600 level and extending to the 1.1667 Tuesday's bounce high now expected to cap and sustain the bearish bias.