Published: 2025-08-20T01:28:42.000Z
Chart EUR/USD Update: Leaning lower from 1.1700/30 resistance
Technical Analyst
1
Leaning lower from retest of the 1.1700/30 highs and pullback see scope to retest the 1.1600 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1900 | * | congestion | S1 | 1.1600 | * | congestion | |
| 14 | 1.1830 | ** | 1 Jul YTD high | S2 | 1.1556 | * | 17 Jul low | |
| R2 | 1.1790/00 | * | 24 Jul high, congestion | S3 | 1.1500 | * | congestion | |
| R1 | 1.1700/30 | ** | congestion, 13 Aug high | S4 | 1.1400 | ** | congestion |
Asterisk denotes strength of level
01:25 GMT - Leaning lower from retest of the 1.1700/30 highs and pullback see scope to retest the 1.1600 level. Daily studies have turned down from overbought areas and highlights risk for pullback to the latter and 1.1556 support. Would take break here to return focus to the downside for retest of the 1.1500 congestion then the 1.1400/1.1390 lows. Meanwhile, resistance at the 1.1700/30 area is expected to cap. Would take break here to clear the way for retest of resistance at the 1.1800 level and 1.1830, July current year high.