Published: 2025-09-02T01:41:24.000Z
Chart EUR/USD Update: Consolidating test of 1.1730/42, August highs
Technical Analyst
3
Break above the 1.1700 level has seen extension to retest the August highs at 1.1730/42
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1900 | * | congestion | S1 | 1.1650 | * | 19 Aug low | |
| 14 | 1.1830 | ** | 1 Jul YTD high | S2 | 1.1600 | ** | congestion | |
| R2 | 1.1790/00 | * | 24 Jul high, congestion | S3 | 1.1556 | * | 17 Jul low | |
| R1 | 1.1730/42 | ** | Aug highs | S4 | 1.1500 | * | congestion |
Asterisk denotes strength of level
01:30 GMT - Break above the 1.1700 level has seen extension to retest the August highs at 1.1730/42. Consolidation here see prices unwinding overought intraday studies but a later break here cannot be ruled out to extend bounce from the 1.1400, July/August lows. Clearance will turn focus to 1.1800 level and 1.1830, July current year high. Meanwhile, support is raised to 1.1650 ahead of the 1.1600/1.1556 area which is expected to underpin. Break here, if seen, will negate the bullish bounce from 1.1400 level.