Published: 2026-08-12T01:21:40.000Z
Chart EUR/USD Update: Leaning lower in consolidation
1
Settled back from test of the 1.1575 resistance as daily studies turn lower to unwind overbought readings
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1685 | ** | 29 May high | S1 | 1.1500 | * | congestion | |
| R3 | 1.1655 | ** | 30 Apr low | S2 | 1.1482 | ** | 15 Jul high | |
| R2 | 1.1600 | * | congestion | S3 | 1.1450 | * | congestion | |
| R1 | 1.1575 | ** | Jan, May lows | S4 | 1.1410 | * | Mar low |
Asterisk denotes strength of level
01:15 GMT - Settled back from test of the 1.1575 resistance as daily studies turn lower to unwind overbought readings. Pullback see support at the starting at 1.1515 and extending to the 1.1500/1.1482 area which is expected to underpin. Failure here will open up room for deeper corrective pullback to 1.1450/10 congestion and March low. Consolidation is expected to give way to fresh gains later and clearing the 1.1575 resistance will see room to the 1.1600 congestion. Higher still, will turn focus to the 1.1655/1.1685 area.