Published: 2025-07-16T06:53:44.000Z
Chart EUR/AUD Update: Consolidating above 1.7700, room for lower later
Technical Analyst
-
Turned higher from the 1.7718 low as prices consolidate losses from the 1.8100 high of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.8245 | * | 76.4% Apr/May fall | S1 | 1.7700 | ** | congestion | |
| R3 | 1.8100 | ** | 7 Jul high | S2 | 1.7630 | * | 18 Jun low | |
| R2 | 1.8000 | * | Jun high | S3 | 1.7460 | * | 10 Jun low | |
| R1 | 1.7900 | * | congestion | S4 | 1.7400 | * | congestion |
Asterisk denotes strength of level
06:50 GMT - Turned higher from the 1.7718 low as prices consolidate losses from the 1.8100 high of last week and unwind oversold intraday studies. The resulting bear flag suggest this giving way to fresh selling pressure later and break here and the 1.7700 level will see room for deeper pullback to retrace the choppy May/July gains. Lower will open up room to 1.7630 and 1.7460, the 18 and 10 June lows. Meanwhile, resistance at the 1.7900 level is expected to cap and limit any correctve bounce and sustain losses from the 1.8100 high.