Published: 2025-09-09T01:46:20.000Z
Chart EUR/USD Update: Extending gains
Technical Analyst
2
Extending break of resistance at the 1.1700/42 area to turn focus to the 1.1790, 24 July high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1200 | * | congestion | S1 | 1.1700 | * | congestion | |
| 14 | 1.1900/09 | * | congestion, Sep 2021 high | S2 | 1.1600 | ** | congestion | |
| R2 | 1.1830 | ** | 1 Jul YTD high | S3 | 1.1556 | * | 17 Jul low | |
| R1 | 1.1790/00 | * | 24 Jul high, congestion | S4 | 1.1500 | * | congestion |
Asterisk denotes strength of level
01:40 GMT - Extending break of resistance at the 1.1700/42 area to turn focus to the 1.1790, 24 July high. Positive daily and weekly studies suggest scope for break here and the 1.1800 level to open up room for retest of resistance at the 1.1830, July YTD high. Clearance here will further extend the bull trend from the September 2022 low and see room to 1.1900/1.1200 area. Meanwhile, support is raised to the 1.1700 congestion which now underpin and sustain bounce from the 1.1400, July/August lows.