Published: 2025-08-28T01:43:32.000Z
Chart EUR/USD Update: Held firm at the 1.1600/1.1556 support
Technical Analyst
2
No follow-through on break of the 1.1600 level as support at the 1.1600/1.1556 area held firm
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1900 | * | congestion | S1 | 1.1600 | * | congestion | |
| 14 | 1.1830 | ** | 1 Jul YTD high | S2 | 1.1556 | * | 17 Jul low | |
| R2 | 1.1790/00 | * | 24 Jul high, congestion | S3 | 1.1500 | * | congestion | |
| R1 | 1.1700/42 | ** | congestion, 25 Aug high | S4 | 1.1400 | ** | congestion |
Asterisk denotes strength of level
01:35 GMT - No follow-through on break of the 1.1600 level as support at the 1.1600/1.1556 area held firm following pullback from the 1.1742 high. Would take break of the the 1.1600/1.1556 area to negate the bullish bounce from the 1.1400, July/August lows, and open up room for deeper pullback to retest support at the 1.1500 and 1.1400 congestion. Meanwhile, resistance is at the 1.1700/42 area. Clearance here will return focus to the upside for retest of resistance at 1.1800 level and 1.1830, July current year high.