Published: 2025-08-18T01:32:39.000Z
Chart EUR/USD Update: Pressuring 1.1700/30 area, scope for break later.
Technical Analyst
-
Consolidating test of the 1.1700 level but bullish price action from the 1.1400 support keeps pressure on the upside
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1900 | * | congestion | S1 | 1.1600 | * | congestion | |
| 14 | 1.1830 | ** | 1 Jul YTD high | S2 | 1.1556 | * | 17 Jul low | |
| R2 | 1.1790/00 | * | 24 Jul high, congestion | S3 | 1.1500 | * | congestion | |
| R1 | 1.1700/30 | ** | congestion, 13 Aug high | S4 | 1.1400 | ** | congestion |
Asterisk denotes strength of level
01:25 GMT - Consolidating test of the 1.1700 level but bullish price action from the 1.1400 support keeps pressure on the upside. The daily studies remains stretched and suggest consolidation likely to extend at the 1.1700/30 resistance. A later break here will return focus to the 1.1800/1.1830, July highs. Meanwhile, support at the 1.1600 congestion is expected to underpin and limit corrective pullback. Failure here, will fade the upside pressure and see room for pullback to the 1.1556 support and 1.1500 congestion.