Published: 2025-07-25T01:27:52.000Z
Chart EUR/USD Update: Consolidating below 1.1800/30 resistance
Technical Analyst
-
Turned lower in consolidation from approach of the 1.1800 level as prices unwind overbought intraday studies
| 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
01:20 GMT - Turned lower in consolidation from approach of the 1.1800 level as prices unwind overbought intraday studies. However, positive daily studies following bounce from the 1.1600/1.1573 support suggest room scope for retest the 1.1800 level and 1.1830 current year high where reaction can be expected to unwind overbought daily and weekly studies. Meanwhile, support remains at the 1.1700 congestion which should underpin. Only below this will fade the upside pressure and see room to retest 1.1600/1.1573 support.