Published: 2025-08-25T01:50:59.000Z
Chart EUR/USD Update: Consolidating retest of 1.1730 resistance
Technical Analyst
4
Rebound from support at the 1.1600 level has seen gains to retest resistance at the 1.1730 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1900 | * | congestion | S1 | 1.1630/00 | * | 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
01:45 GMT - Rebound from support at the 1.1600 level has seen gains to retest resistance at the 1.1730 high as well as trendline from 1.1830 July high. Break here will extend the broader gains from the 1.1400 low and see room to retest resistance at 1.1800 level and 1.1830, July current year high. Clearance will extend the underlying bull trend from September 2022 low. Meanwhile, support is raised to the 1.1630/00 congestion which is expected to underpin and sustain gains from the 1.1400/1.1390 congestion area.