Published: 2026-08-24T02:06:42.000Z
Chart EUR/USD Update: Consolidating test of 1.1700
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Limited on break above the 1.1700 level with the resulting twin pin bar threatening a small top pattern at the 1.1710 highs
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1850 | ** | Apr high | S1 | 1.1655 | * | 30 Apr low | |
| R3 | 1.1800 | * | congestion | S2 | 1.1600 | * | congestion | |
| R2 | 1.1740/65 | ** | 19, 6 Feb lows | S3 | 1.1575/50 | ** | May low, congestion | |
| R1 | 1.1700 | * | congestion | S4 | 1.1512/00 | ** | 13 Aug low, congestion |
Asterisk denotes strength of level
01:50 GMT - Limited on break above the 1.1700 level with the resulting twin pin bar threatening a small top pattern at the 1.1710 highs. Below the 1.1669 Thursday and Friday lows will open up room for deeper pullback to correct recent strong gains from 1.1355 late-July lows and unwind overbought daily and weekly studies. Lower will see room to the late-April low at 1.1655 then the strong support at the 1.1600/1.1575 area. Meanwhile, close above the 1.1700 level will extend the June gains and turn focus to strong resistance at the 1.1740/65 area and the 1.1800 level.