Published: 2025-04-07T02:02:38.000Z
Chart EUR/USD Update: Room to extend corrective pullback from the 1.1145 high
Technical Analyst
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Lower at the opening as prices extend pullback from the 1.1145 fresh year high to reach 1.0878 intraday low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1200/15 | ** | congestion, Sep 2024 year high | S1 | 1.0878 | intraday low | ||
| R3 | 1.1145 | ** | 3 Apr YTD high | S2 | 1.0850 | * | congestion, 31 Mar high | |
| R2 | 1.1100 | * | congestion | S3 | 1.0800 | * | congestion | |
| R1 | 1.1000/50 | * | congestion | S4 | 1.0732 | ** | 27 Mar low |
Asterisk denotes strength of level
01:50 GMT - Lower at the opening as prices extend pullback from the 1.1145 fresh year high to reach 1.0878 intraday low. Rebound from there has seen prices back to retest resistance at the 1.1000 congestion. However, a deeper corrective pullback cannot be ruled out. Lower will see room to the 1.0850 support and 1.0800 congestion which is expected to underpin. Meanwhile, resistance is lowered to the 1.1000/50 congestion area. Would need to clear this to revive upside focus for retest of the 1.1100 congestion and the 1.1145, YTD high.