Published: 2025-09-04T01:36:52.000Z
Chart EUR/USD Update: Extend consolidation above 1.1600
0
-
Little change, as prices extend consolidation above support at the 1.1600 congestion
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1830 | ** | 1 Jul YTD high | S1 | 1.1600 | ** | congestion | |
| 14 | 1.1790/00 | * | 24 Jul high, congestion | S2 | 1.1556 | * | 17 Jul low | |
| R2 | 1.1742 | ** | Aug high | S3 | 1.1500 | * | congestion | |
| R1 | 1.1700 | * | congestion | S4 | 1.1400 | ** | Jul low, congestion |
Asterisk denotes strength of level
01:30 GMT - Little change, as prices extend consolidation above support at the 1.1600 congestion following rejection from the 1.1700/42 area. Daily studies are unwinding overbought reading and threatens deeper pullback to the o the 1.1556 support. Below this will return focus to the downside to retest the 1.1500 congestion and 1.1400 low. Meanwhile, resistance remains at the 1.1700/1.1742 highs. Clearance here will open up room for retest of the 1.1800 level and 1.1830, July current year high.