Published: 2025-08-27T01:23:12.000Z
Chart EUR/USD Update: Lower in range
Technical Analyst
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Lower in range from the 1.1742 high as prices settled back to retest the 1.1600 level
| 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
01:20 GMT - Lower in range from the 1.1742 high as prices settled back to retest the 1.1600 level. Daily studies are mixed but strong support at the 1.1600/1.1556 area is expected to underpin. Would take break here to negate the bullish bounce from the 1.1400, July/August lows. Lower will threaten 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.