Published: 2025-08-15T01:44:45.000Z
Chart EUR/USD Update: Settled back in consolidation
Technical Analyst
-
Limited on break of the 1.1700 level as prices settled back from the 1.1730 high to consolidate recent strong gains
| 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
01:35 GMT - Limited on break of the 1.1700 level as prices settled back from the 1.1730 high to consolidate recent strong gains from the 1.1400 low. Daily and weekly studies have turned down from overbought readings and suggest room for pullback to retest 1.1600 level and 1.1556 support. This area is expected to underpin and limit corrective pullback. Failure will fade the upside pressure and extend consolidation towards the 1.1500/1.1400 congestion. Break of the 1.1700/30 resistance, will return focus to the 1.1800/1.1830, July highs.