Published: 2026-08-31T01:56:21.000Z
Chart EUR/USD Update: Weighing on 1.1575 support
1
Sharply lower through the 1.1655/50 area as prices extend pullback from the 1.1710 highs to retest the May low at 1.1575
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1740/65 | ** | 19, 6 Feb lows | S1 | 1.1575 | ** | May low | |
| R3 | 1.1700/10 | ** | congestion | S2 | 1.1550 | * | congestion | |
| R2 | 1.1655 | * | congestion, 30 Apr low | S3 | 1.1500 | * | congestion | |
| R1 | 1.1600 | congestion | S4 | 1.1482 | ** | 15 Jul high |
Asterisk denotes strength of level
01:45 GMT - Sharply lower through the 1.1655/50 area as prices extend pullback from the 1.1710 highs to retest the May low at 1.1575. Negative daily and weekly studies keep pressure on the downside and see room for deeper pullback to correct recent strong gains from 1.1355 late-July low. Below 1.1575 support will see scope to 1.1550 congestion then the strong support at 1.1500/1.1482 area. Meanwhile, resistance is lowered to the 1.1600 level then the 1.1655 congestion. Regaining these needed to ease the downside pressure and expose the 1.1700/10 resistance to retest.