Published: 2025-08-26T01:44:14.000Z
Chart EUR/USD Update: Lower in range from 1.1742 high
Technical Analyst
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Turned back from test of the 1.1742 high with the resulting inside range suggesting lack of clear direction
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1900 | * | congestion | S1 | 1.1600 | * | congestion | |
| 14 | 1.1830 | ** | 1 Jul YTD high | S2 | 1.1556 | * | 17 Jul low | |
| R2 | 1.1790/00 | * | 24 Jul high, congestion | S3 | 1.1500 | * | congestion | |
| R1 | 1.1700/42 | ** | congestion, 25 Aug high | S4 | 1.1400 | ** | congestion |
Asterisk denotes strength of level
01:35 GMT - Turned back from test of the 1.1742 high with the resulting inside range suggesting lack of clear direction and prices extending ranging action within the 1.1600/1.1700 area. Daily studies have turned mixed but strong support at the 1.1600/1.1556 area is expected to underpin. Would take break here to negate the bullish momentum from the 1.1400 support. Meanwhile, resistance is at the 1.1700/42 area. Clearance will see room to retest resistance at 1.1800 level and 1.1830, July current year high.