Published: 2025-07-21T01:36:42.000Z
Chart EUR/USD Update: Consolidating test of 1.1600/1.1573 support
Technical Analyst
1
Turned up in consolidation from the 1.1600/1.1573 support as prices unwind the oversold intraday and daily studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.900/10 | * | congestion, Sep 2021 high | S1 | 1.1600 | * | congestion | |
| 14 | 1.1830 | ** | 1 Jul YTD high | S2 | 1.1573 | ** | Apr high | |
| R2 | 1.1750 | * | 10 Jul high | S3 | 1.1500 | congestion | ||
| R1 | 1.1700 | * | congestion | S4 | 1.1445 | * | 19 Jun low |
Asterisk denotes strength of level
01:30 GMT - Turned up in consolidation from the 1.1600/1.1573 support as prices unwind the oversold intraday and daily studies. However, limited bounce keeps pressure on the downside and a later break here cannot be ruled out. Lower will open up room for deeper pullback to retrace the May/July rally to the 1.1500 level and 1.1445 support. Meanwhile, resistance at the 1.1700 level is expected to cap. Regaining this will fade the downside pressure and return focus to 1.1800 level and 1.1830 high