Published: 2025-07-30T01:42:17.000Z
Chart EUR/USD Update: Room to extend losses from 1.1830 high
Technical Analyst
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Break of support at the 1.1600/1.1573 area has seen further losses to approach the 1.1500 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1800/30 | ** | congestion, 1 Jul YTD high | S1 | 1.1500 | * | congestion | |
| 14 | 1.1750 | * | congestion | S2 | 1.1445 | * | 19 Jun low | |
| R2 | 1.1700 | * | congestion | S3 | 1.1400 | * | congestion | |
| R1 | 1.1600 | * | congestion | S4 | 1.1300 | * | congestion |
Asterisk denotes strength of level
01:35 GMT - Break of support at the 1.1600/1.1573 area has seen further losses to approach the 1.1500 level. Consolidation above here seen prices unwinding stretched intraday studies which is expected to give way to further losses later. Daily and weekly studies have turned down from overbought reading and lower will see room to the 1.1445 support and the 1.1400 congestion. Meanwhile, resistance is lowered to 1.1600 level which is expected to cap and sustain losses from the 1.1800/30 highs.