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Published: 2025-09-04T01:36:52.000Z

Chart EUR/USD Update: Extend consolidation above 1.1600

byPakLai Ng

Technical Analyst
-

Little change, as prices extend consolidation above support at the 1.1600 congestion

 LevelsImpComment  LevelsImpComment
R41.1830**1 Jul YTD high S11.1600**congestion
141.1790/00*24 Jul high, congestion S21.1556*17 Jul low
R21.1742**Aug high S31.1500*congestion
R11.1700*congestion S41.1400**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.

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Topics
EUR/USD-TA
DM-Technical
Technical Analysis

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