Published: 2025-07-17T01:28:02.000Z
Chart EUR/USD Update: Consolidating test of 1.1600/1.1573 support
Technical Analyst
5
Steadied at the 1.1600/1.1573 support as prices consolidate losses from the 1.1830 high
| 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
01:20 GMT - Steadied at the 1.1600/1.1573 support as prices consolidate losses from the 1.1830 high and unwind the oversold intraday and daily studies. However, pressure remains on the downside and a later break here cannot be ruled out. Lower will see room for deeper pullback to retrace the May/July rally to the 1.1500 level and 1.1445 support. Meanwhile, resistance at the 1.1700 level is expected to cap. Clearance will fade the downside pressure and return focus to 1.1800 level and 1.1830 high