Published: 2025-12-22T01:34:20.000Z
Chart EUR/USD Update: Extend consolidation above 1.1700
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Still little change, as prices extend consolidation above the 1.1700 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1200 | * | congestion | S1 | 1.1700 | * | congestion | |
| 14 | 1.1918 | ** | 17 Sep YTD high | S2 | 1.1682 | * | 4 Dec high | |
| R2 | 1.1900 | * | figure | S3 | 1.1650 | ** | congestion | |
| R1 | 1.1800/30 | ** | congestion, Jul high | S4 | 1.1615/00 | ** | 9 Dec low, congestion |
Asterisk denotes strength of level
01:30 GMT - Still little change, as prices extend consolidation above the 1.1700 level. However, pressure remains on the downside following rejection from the 1.1800 level as prices unwind the overbought daily studies. Break of support at the 1.1700/1.1682 area will open up room for deeper pullback to strong support at 1.1650 congestion and 1.1615, 9 December low. However, correction is expected to give way to renewed buying interest later to retest the 1.1800 level. Break here and the 1.1830 resistance will clear the way for retest of the 1.1918, September current year high.