Published: 2025-09-03T01:53:32.000Z
Chart EUR/USD Update: Turned down from the 1.1730/42, August highs
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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
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1830 | ** | 1 Jul YTD high | S1 | 1.1600 | ** | congestion | |
| 14 | 1.1790/00 | * | 24 Jul high, congestion | S2 | 1.1556 | * | 17 Jul low | |
| R2 | 1.1742 | ** | Aug high | S3 | 1.1500 | * | congestion | |
| R1 | 1.1700 | * | congestion | S4 | 1.1400 | ** | 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.