Published: 2025-09-05T01:34:03.000Z
Chart EUR/USD Update: Extend consolidation above 1.1600
Technical Analyst
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Little change, as prices extend consolidation above the 1.1600 level following pullback from the 1.1700/42 resistance
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1830 | ** | 1 Jul YTD high | S1 | 1.1600 | ** | congestion | |
| 14 | 1.1790/00 | * | 24 Jul high, congestion | S2 | 1.1556 | * | 17 Jul low | |
| R2 | 1.1742 | ** | Aug high | S3 | 1.1500 | * | congestion | |
| R1 | 1.1700 | * | congestion | S4 | 1.1400 | ** | Jul low, congestion |
Asterisk denotes strength of level
01:25 GMT - Little change, as prices extend consolidation above the 1.1600 level following pullback from the 1.1700/42 resistance. Daily studies are unwinding overbought reading and threatens deeper pullback to the 1.1556 support. Below the latter will return focus to the downside to retest the 1.1500 congestion and 1.1400 low. Meanwhile, resistance remains at the 1.1700/1.1742 highs. Would take break here to extend the bounce from the 1.1400 low and see room for retest of the 1.1800 level and 1.1830, July current year high.