Published: 2025-07-22T01:46:53.000Z
Chart EUR/USD Update: Higher in consolidation
Technical Analyst
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| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.900/10 | * | congestion, Sep 2021 high | S1 | 1.1600 | * | congestion | |
| 14 | 1.1830 | ** | 1 Jul YTD high | S2 | 1.1573 | ** | Apr high | |
| R2 | 1.1750 | * | 10 Jul high | S3 | 1.1500 | congestion | ||
| R1 | 1.1700 | * | congestion | S4 | 1.1445 | * | 19 Jun low |
Asterisk denotes strength of level
01:35 GMT - Turned up from the 1.1600/1.1573 support as prices unwind the oversold intraday and daily studies. Resistance is at the 1.1700/21 congestion and high of last week which is expected to cap. Break here needed to fade the downside pressure and clear the way for retest of the 1.1800 level and 1.1830 high. Meanwhile, support is at 1.1600/1.1573 area. Break here will open up room for deeper pullback to retrace the May/July rally to support at the 1.1500 level and 1.1445/1.1400 area.