Published: 2025-07-31T07:31:07.000Z
Chart EUR/AUD Update: Pressuring 1.7720/00 support, break in focus
Technical Analyst
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Under pressure as break of support at the 1.7800 level extend pullback from the 1.8100 swing high to pressure the 1.7720/00 support
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.8245 | * | 76.% Apr/May fall | S1 | 1.7720/00 | ** | 11 Jul low, congestion | |
| R3 | 1.8100 | ** | 7 Jul high | S2 | 1.7630 | * | 18 Jun low | |
| R2 | 1.8000 | * | congestion | S3 | 1.7460 | * | 10 Jun low | |
| R1 | 1.7900 | * | congestion | S4 | 1.7400 | * | congestion |
Asterisk denotes strength of level
07:30 GMT - Under pressure as break of support at the 1.7800 level extend pullback from the 1.8100 swing high to pressure the 1.7720/00 support. The daily and weekly studies are tracking lower to unwind overbought readings and suggest break here to further retrace the May/July rally and see room to the 1.7630/00 support. Lower still, will open up extension to 1.7460/00, June low and congestion area. Meanwhile, resistance at the 1.7800/1.7900 congestion is expected to cap and sustain pullback from the 1.8100 high.