Published: 2025-09-23T01:23:42.000Z
Chart EUR/USD Update: Back to the 1.1800/30 resistance
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Turned up from test of the August trendline above the 1.1700 level to retest resistance at the 1.1800/30 area
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.2020 | * | 38.2% 2008/2022 fall | S1 | 1.1700 | * | congestion | |
| 14 | 1.2000 | ** | psychological | S2 | 1.1660 | * | 11 Sep low | |
| R2 | 1.1918 | ** | 17 Sep YTD high | S3 | 1.1600 | ** | congestion | |
| R1 | 1.1800/30 | * | congestion, Jul high | S4 | 1.1556 | * | 17 Jul low, congestion |
Asterisk denotes strength of level
01:15 GMT - Turned up from test of the August trendline above the 1.1700 level to retest resistance at the 1.1800/30 area. The resulting bullish outside range suggest scope for break here to return focus to the 1.1918 high. However, overbought weekly studies suggest the latter keeping out of reach and see room for deeper corrective pullback to retrace gains from the 1.1400, August low. Below the 1.1700 level will open up room to the strong support at the 1.1660/00 area which is expected to underpin.