Published: 2025-07-09T01:42:22.000Z
Chart EUR/USD Update: Leaning on 1.1700 support, room for deeper pullback
Technical Analyst
1
Still leaning on the downside from the 1.1830 high but losses kept in check at the 1.1700 congestion
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.900/10 | * | congestion, Sep 2021 high | S1 | 1.1700 | * | congestion | |
| 14 | 1.1850 | * | congestion | S2 | 1.1631 | * | 12 Jun high | |
| R2 | 1.1830 | ** | 1 Jul YTD high | S3 | 1.1573 | ** | Apr high | |
| R1 | 1.1750 | * | congestion | S4 | 1.1500 | * | congestion |
Asterisk denotes strength of level
01:40 GMT - Still leaning on the downside from the 1.1830 high but losses kept in check at the 1.1700 congestion. Daily studies are unwinding overbought readings and suggest scope for break here to open up deeper losses to strong support at 1.1631 and 1.1573, previous highs. Corrective pullback is expected to give way to renewed buying interest later. Meanwhile, resistance is at the 1.1750/1.1800 area and clearance here needed to expose the 1.1830 high to retest. Break here will extend the broader gains from September 2022 low to target the 1.1850 congestion and 1.1900/10 resistance.