Published: 2025-05-26T01:36:35.000Z
Chart EUR/USD Update: Extending gains
Technical Analyst
1
Consolidation below the 1.1381 resistance has given way to break to extend gains from the 1.1065 low to reach 1.1400/25
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1600 | * | congestion | S1 | 1.1307/00 | * | 23 Apr low, congestion | |
| 14 | 1.1573 | ** | 21 Apr YTD high | S2 | 1.1265 | * | congestion, 14 May high | |
| R2 | 1.1474 | * | 11 Apr high | S3 | 1.1200 | * | 2024 year high | |
| R1 | 1.1400/25 | * | congestion, 28 Apr high | S4 | 1.1130 | 16 May low |
Asterisk denotes strength of level
01:30 GMT - Consolidation below the 1.1381 resistance has given way to break to extend gains from the 1.1065 low to reach the 1.1400/25 resistance. Clearance here will see room to retest the 1.1474 high of 11 April but potential will be seen for extension to retest 1.1573, 21 April YTD high. Meanwhile, support is raised to the 1.1307/00 area which is expected to underpin. Below this will open up room for deeper pullback to the strong support at the 1.1265/1.1200 congestion and the 2024 year high.