Chart EUR/USD Update: Under pressure, 1.1026 low at risk
Prices remains under pressure following rejection from the 1.1155 bounce high of Friday with the 1.1026 low back in focus
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1275 | ** | Jul 2023 year high, 61.8% | S1 | 1.1026 | * | 3 Sep low | |
| R3 | 1.1200 | ** | 23, 26 Aug YTD high | S2 | 1.1000 | * | figure, congestion | |
| R2 | 1.1155 | * | 6 Sep high | S3 | 1.0950 | ** | Jul high | |
| R1 | 1.1100 | * | congestion | S4 | 1.0916 | ** | Jun high |
Asterisk denotes strength of level
01:40 GMT - Prices remains under pressure following rejection from the 1.1155 bounce high of Friday with the 1.1026 low back in focus. Break here will see room for deeper pullback to retrace the strong August rally from the 1.0777 low and see room to the the 1.1100 level. Below this will open up deeper pullback to the strong support at the 1.0950 and 1.0916, July and June highs. Corrective pullback expected to give way to renewed buying interest later and see resistance now at the 1.1100 congestion. Regaining this will return focus to the upside for retest of the 1.1155 then 1.1200, August YTD high.