Published: 2025-07-11T01:35:53.000Z
Chart EUR/USD Update: Extending pullback from 1.1830 high
Technical Analyst
1
Under pressure, as prices extend choppy pullback from the 1.1830 high through the 1.1700 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.900/10 | * | congestion, Sep 2021 high | S1 | 1.1631 | * | 12 Jun high | |
| 14 | 1.1850 | * | congestion | S2 | 1.1573 | ** | Apr high | |
| R2 | 1.1830 | ** | 1 Jul YTD high | S3 | 1.1500 | congestion | ||
| R1 | 1.1750 | * | congestion | S4 | 1.1445 | * | 19 Jun low |
Asterisk denotes strength of level
01:30 GMT - Under pressure, as prices extend choppy pullback from the 1.1830 high through the 1.1700 level. Daily studies are tracking lower and suggest room for 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 at the 1.1750/1.1800 area is expected to cap. A later clearance here will expose the 1.1830 high to retest and see scope to extend the broader gains from September 2022 low.