Published: 2025-06-20T01:46:28.000Z
Chart EUR/USD Update: Consolidating, room for lower later
Technical Analyst
1
Turned up from the 1.1450 support as prices unwind oversold intraday studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1665 | * | Aug 2021 low | S1 | 1.1450 | * | congestion | |
| 14 | 1.1631 | ** | 12 Jun YTd high | S2 | 1.1400 | * | congestion | |
| R2 | 1.1600 | * | congestion | S3 | 1.1300 | * | congestion | |
| R1 | 1.1573 | * | Apr high | S4 | 1.1275 | ** | 2023 year high |
Asterisk denotes strength of level
01:30 GMT - Turned up from the 1.1450 support as prices unwind oversold intraday studies. Above the 1.1500 level see room for stronger bounce to resistance at the 1.1573/1.1600 area. Consolidation is expected to give way to renewed selling pressure later and lower will room for deeper pullback to correct rally from the 1.1065, May low. Below the 1.1450 congestion will see room for deeper pullback to 1.1400. Lower still, if seen, will open up room to strong support at 1.1300/1.1275, congestion and 2023 year high.