Published: 2025-07-04T01:40:04.000Z
Chart EUR/USD Update: Leaning lower in choppy trade from 1.1830 high
Technical Analyst
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Leaning lower in choppy trade from the 1.1830 high as prices consolidate strong gains from the 1.1150/45 support
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.2000/20 | ** | congestion, 38.2% 2008/2022 fall | S1 | 1.1707/00 | * | 30 Jun low, congestion | |
| 14 | 1.1900/10 | * | congestion, Sep 2021 high | S2 | 1.1631 | * | 12 Jun high | |
| R2 | 1.1850 | * | congestion | S3 | 1.1573 | ** | Apr high | |
| R1 | 1.1830 | ** | 1 Jul YTD high | S4 | 1.1500 | * | congestion |
Asterisk denotes strength of level
01:35 GMT - Leaning lower in choppy trade from the 1.1830 high as prices consolidate strong gains from the 1.1150/45 support. Daily studies are stretched and suggest room for deeper pullback to unwind overbought readings to support at the 1.1707/00 area. Would take break here to open up room for deeper correction to the strong support at 1.1631 and 1.1573, previous highs. Meanwhile, resistance at the 1.1800 level and 1.1830 high is expected to cap. Clearance will open up room for extension to 1.1850 congestion and 1.1900/10 area.