Published: 2025-09-08T01:52:32.000Z
Chart EUR/USD Update: Higher in consolidation above 1.1700
Technical Analyst
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Consolidation above the 1.1600 level has given way to rebound to retest resistance at the 1.1700/42 area
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1900/09 | * | congestion, Sep 2021 high | S1 | 1.1700 | * | congestion | |
| 14 | 1.1830 | ** | 1 Jul YTD high | S2 | 1.1600 | ** | congestion | |
| R2 | 1.1790/00 | * | 24 Jul high, congestion | S3 | 1.1556 | * | 17 Jul low | |
| R1 | 1.1759 | * | 5 Sep high | S4 | 1.1500 | * | congestion |
Asterisk denotes strength of level
01:45 GMT - Consolidation above the 1.1600 level has given way to rebound to retest resistance at the 1.1700/42 area. Daily studies have turned positive and break above the 1.1700 level open up room for retest of resistance at the 1.1790 and 1.1830, July highs. Break here will further extend the bull trend from the September 2022 low. Meanwhile, support is raised to the 1.1700 congestion which now underpin. Failure here will see return choppy trade back to support at the 1.1600 level and 1.1556 area.