Published: 2025-06-26T06:48:04.000Z
Chart EUR/AUD Update: Range-bound below 1.8000
Technical Analyst
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Settling back in consolidation beneath the 1.8000 figure as prices unwind overbought intraday studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.8245 | * | 76.4% Apr/May fall | S1 | 1.7805 | * | 23 Jun low | |
| R3 | 1.8100 | * | congestion | S2 | 1.7700 | * | congestion | |
| R2 | 1.8055 | * | 61.8% Apr/May fall | S3 | 1.7600 | * | congestion | |
| R1 | 1.8000 | ** | figure, congestion | S4 | 1.7460 | ** | 10 Jun low |
Asterisk denotes strength of level
06:40 GMT - Settling back in consolidation beneath the 1.8000 figure as prices unwind overbought intraday studies. Daily studies are overbought and suggest further gains likely to remain limited with resistance at 1.8000/55, congestion and 61.8% Fibonacci level expected to cap. Meanwhile, support is at 1.7805, Monday's range low. Would take break here to open up room for deeper pullback to retrace choppy gains from the 1.7250, May low. Lower will see room to support at the 1.7700/1.7600 congestion area.