Published: 2025-09-22T01:10:10.000Z
Chart EUR/USD Update: Extending corrective pullback
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Extending pullback from the 1.1918 current year high seen last week high as prices unwind overbought daily studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.2020 | * | 38.2% 2008/2022 fall | S1 | 1.1700 | * | congestion | |
| 14 | 1.2000 | ** | psychological | S2 | 1.1660 | * | 11 Sep low | |
| R2 | 1.1918 | ** | 17 Sep YTD high | S3 | 1.1600 | ** | congestion | |
| R1 | 1.1800/30 | * | congestion, Jul high | S4 | 1.1556 | * | 17 Jul low, congestion |
Asterisk denotes strength of level
01:05 GMT - Extending pullback from the 1.1918 current year high seen last week high as prices unwind overbought daily studies. Weekly studies have turned lower as well and suggest room for deeper pullback to correct gains from the 1.1400, August low. Lower will see room to the 1.1700 level then the strong support at the 1.1660/00 area which is expected to underpin. Corrective pullback is expected to give way to renewed buying interest later, break above 1.1800/30 resistance will return focus to 1.1918 high.