Published: 2025-07-24T01:25:56.000Z
Chart EUR/USD Update: Poised for retest of 1.1800/30
Technical Analyst
1
Break above the 1.1700 level see prices extending bounce from the 1.1600/1.1573 support
| 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 - Break above the 1.1700 level see prices extending bounce from the 1.1600/1.1573 support. Positive daily studies suggest room extension to retest the 1.1800 level and 1.1830 current year high where reaction can be expected. However, consolidation here expected to give way to break later to extend the broader gains from the September 2022 low. Meanwhile, support is raised to the 1.1700 congestion which should underpin. Only below this will fade the upside pressure and see scope for pullback to retest 1.1600/1.1573 support.