Published: 2025-08-14T02:02:00.000Z
Chart EUR/USD Update: Break of 1.1700 return focus to 1.1800/30 highs
Technical Analyst
1
Consolidation below the 1.1700 level is giving way to buying pressure to extend bounce from the 1.1400, July low
| 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 | 1.1750 | * | congestion | S4 | 1.1400 | ** | congestion |
Asterisk denotes strength of level
01:50 GMT - Consolidation below the 1.1700 level is giving way to buying pressure to extend bounce from the 1.1400, July low. Clearance see bounce from the latter returning focus to the 1.1800/1.1830, July high. Break of this area will extend the broader gains from the 2022 year low at .9535 to retrace losses from the 2008 high. Meanwhile, support remains at the 1.1600/1.1556 area which should underpin and limit corrective pullback. Failure will fade the upside pressure and extend consolidation towards the 1.1500/1.1400 congestion.