Published: 2025-09-10T01:47:29.000Z
Chart EUR/USD Update: Lower in consolidation
Technical Analyst
1
Gains stalled ahead of critical resistance at the 1.1790/1.1830 July highs as prices turn down to consolidate at the 1.1700 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1200 | * | congestion | S1 | 1.1700 | * | congestion | |
| 14 | 1.1900/09 | * | congestion, Sep 2021 high | S2 | 1.1600 | ** | congestion | |
| R2 | 1.1830 | ** | 1 Jul YTD high | S3 | 1.1556 | * | 17 Jul low | |
| R1 | 1.1790/00 | * | 24 Jul high, congestion | S4 | 1.1500 | * | congestion |
Asterisk denotes strength of level
01:40 GMT - Gains stalled ahead of critical resistance at the 1.1790/1.1830 July highs as prices turn down to consolidate at the 1.1700 level. Below this will open up room for deeper pullback to retrace choppy gains from the 1.1600 level. However, this and the 1.1556 support can be expected to underpin corrective pullback and give way to renewed buying interest later. Would take break of the 1.1800 level and the 1.1830, July YTD high, to further extend the bull trend from the September 2022 low and see room to 1.1900/1.1200 area.