Published: 2025-12-17T01:32:44.000Z
Chart EUR/USD Update: Consolidating test of 1.1800
1
Up to tag the 1.1800 level before settling back to consolidate at the 1.1750 congestion as prices unwind the overbought intraday studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1200 | * | congestion | S1 | 1.1700 | * | congestion | |
| 14 | 1.1918 | ** | 17 Sep YTD high | S2 | 1.1682 | * | 4 Dec high | |
| R2 | 1.1900 | * | figure | S3 | 1.1650 | ** | congestion | |
| R1 | 1.1800/30 | ** | congestion, Jul high | S4 | 1.1615/00 | ** | 9 Dec low, congestion |
Asterisk denotes strength of level
01:25 GMT - Up to tag the 1.1800 level before settling back to consolidate at the 1.1750 congestion as prices unwind the overbought intraday studies. Daily studies are stretched as well and deeper pullback cannot be ruled out. Lower will see room to support at the 1.1700/1.1682 area. Break here will see room for deeper pullback to 1.1650 congestion and 1.1615, 9 December low. Correction expected to give way to renewed buying interest later retest resistance at the 1.1800/30 area. Clearance here will return focus to the 1.1918, September current year high.