Published: 2025-07-28T01:54:11.000Z
Chart EUR/USD Update: Extend consolidation below 1.1800/30 resistance
Technical Analyst
1
Extending consolidation below the 1.1800 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.2000 | ** | congestion | S1 | 1.1700 | * | congestion | |
| 14 | 1.1900/10 | * | congestion, Sep 2021 high | S2 | 1.1600 | * | congestion | |
| R2 | 1.1830 | ** | 1 Jul YTD high | S3 | 1.1573 | ** | Apr high | |
| R1 | 1.1800 | * | figure | S4 | 1.1445 | * | 19 Jun low |
Asterisk denotes strength of level
01:45 GMT - Extending consolidation below the 1.1800 level as prices unwind overbought intraday studies. Daily studies remains positive and suggest consolidation giving way to renewed buying interest later to extend bounce from the 1.1600/1.1573 support to the 1.1800 level and 1.1830 current year high where reaction can be expected to unwind overbought weekly studies. Meanwhile, support remains at the 1.1700 congestion which should underpin. Only below this will fade the upside pressure and see room for retest of 1.1600/1.1573 support.