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Published: 2025-06-23T07:39:58.000Z

Chart EUR/USD Update: Leaning lower

byMike Macdonald

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

 LevelsImpComment  LevelsImpComment
R41.1630**12 Jun YTD high S11.1446*19 Jun (w) low
141.1600**congestion S21.1400*congestion
R21.1550 minor break level S31.1357*4 Jun low
R11.1500*congestion S41.1300**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.

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Topics
EUR/USD-TA
DM-Technical
Technical Analysis

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