Published: 2025-09-16T01:54:31.000Z
Chart EUR/USD Update: Edging higher in choppy trade
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Edging higher in choppy trade from the 1.1600 support with higher lows setting up scope for retest of the 1.1780 high of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.2000 | ** | psychological | S1 | 1.1700 | * | congestion | |
| 14 | 1.1900/10 | * | congestion, Sep 2021 high | S2 | 1.1660 | * | 11 Sep low | |
| R2 | 1.1830 | ** | 1 Jul YTD high | S3 | 1.1600 | ** | congestion | |
| R1 | 1.1790/00 | * | 24 Jul high, congestion | S4 | 1.1556 | * | 17 Jul low |
Asterisk denotes strength of level
01:45 GMT - Edging higher in choppy trade from the 1.1600 support with higher lows setting up scope for retest of the 1.1780 high of last week. Above this will expose the critical July highs at 1.1790/1.1830 to retest. Clearance here will extend the broader gains from September 2022 year low and see room for extension to the 1.1900 level then the 1.2000 psychological level. Meanwhile, support is at the 1.1700/1.1660 area which should underpin and sustain recent bounce from the 1.1400, July/August lows.