Published: 2025-09-11T01:39:44.000Z
Chart EUR/USD Update: Turned lower in consolidation
0
1
Met with selling pressure below the critical resistance at the 1.1790/1.1830 July highs
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.2000 | ** | psychological | S1 | 1.1700 | * | congestion | |
| 14 | 1.1900/10 | * | congestion, Sep 2021 high | S2 | 1.1600 | ** | congestion | |
| R2 | 1.1830 | ** | 1 Jul YTD high | S3 | 1.1556 | * | 17 Jul low | |
| R1 | 1.1790/00 | * | 24 Jul high, congestion | S4 | 1.1500 | * | congestion |
Asterisk denotes strength of level
01:35 GMT - Met with selling pressure below the critical resistance at the 1.1790/1.1830 July highs, with prices turning down to consolidate at the 1.1700 level. Below this will open up room for deeper pullback to retrace choppy gains from the 1.1600 level. However, this and the 1.1556 support expected to underpin corrective pullback and give way to renewed buying interest later. Would take break of the 1.1800 level and the 1.1830, July YTD high, to further extend the bull trend from the September 2022 low and see room to 1.1900/10 area.