Published: 2025-06-23T07:39:58.000Z
Chart EUR/USD Update: Leaning lower

Senior Technical Strategist
3
Selling interest in the Asia session has broken below 1.1500 to reach the 1.1446 weekly low of 19 June
Levels | Imp | Comment | Levels | Imp | Comment | |||
---|---|---|---|---|---|---|---|---|
R4 | 1.1630 | ** | 12 Jun YTD high | S1 | 1.1446 | * | 19 Jun (w) low | |
14 | 1.1600 | ** | congestion | S2 | 1.1400 | * | congestion | |
R2 | 1.1550 | minor break level | S3 | 1.1357 | * | 4 Jun low | ||
R1 | 1.1500 | * | congestion | S4 | 1.1300 | ** | congestion |
*Asterisk denotes strength of level
08:30 BST - Selling interest in the Asia session has broken below 1.1500 to reach the 1.1446 weekly low of 19 June, where a minor bounce has put focus back on 1.1500. Intraday studies are mixed/negative and daily readings are also leaning lower, suggesting room for further losses in the coming sessions. Focus is expected to turn to congestion support at 1.1400. But mixed weekly charts should limit any initial break in renewed consolidation above the 1.1357 low of 4 June. Meanwhile, a close back above congestion resistance at 1.1500 would help to stabilise price action and prompt consolidation beneath 1.1550.