Published: 2025-07-16T01:32:54.000Z
Chart EUR/USD Update: Consolidating at 1.1600, lower later
Technical Analyst
1
Pressure remains on the downside as prices extend pullback from the 1.1830 high to reach the 1.1600 level
| 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
01:25 GMT - Pressure remains on the downside as prices extend pullback from the 1.1830 high to reach the 1.1600 level. Consolidation here expected to give way to renewed selling pressure to open up room to nearby support at 1.1573, April high. Below this will see room for deeper pullback to the 1.1500 level and 1.1445 support. Meanwhile, resistance is lowered to 1.1660/1.1700 area which is expected to cap. Clearance will fade the downside pressure and return focus to 1.1800 level and 1.1830 high