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Published: 2025-09-03T01:53:32.000Z

Chart EUR/USD Update: Turned down from the 1.1730/42, August highs

byPakLai Ng

Technical Analyst
-

Failure to clear the August highs at 1.1730/42 has given way to pullback and further extend choppy trade within the 1.1700/1.1600 area

 LevelsImpComment  LevelsImpComment
R41.1830**1 Jul YTD high S11.1600**congestion
141.1790/00*24 Jul high, congestion S21.1556*17 Jul low
R21.1742**Aug high S31.1500*congestion
R11.1700*congestion S41.1400**Jul low, congestion   

Asterisk denotes strength of level

01:45 GMT - Failure to clear the August highs at 1.1730/42 has given way to pullback and further extend choppy trade within the 1.1700/1.1600 area. The daily studies are unwinding overbought reading and see room for retest of strong support at the 1.1600/1.1556 area. Below this will open up room for deeper pullback to retrace gains from the 1.1400, July/August lows. Meanwhile, resistance is lowered to the 1.1700 level and this is now expected to cap and sustain rejection from the 1.1730/42 highs.

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Topics
EUR/USD-TA
DM-Technical
Technical Analysis

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