Published: 2025-07-15T01:38:05.000Z
Chart EUR/USD Update: Lower through the 1.1700 level
Technical Analyst
1
Edging lower to extend pullback from the 1.1830 high as negative daily studies weighs
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.900/10 | * | congestion, Sep 2021 high | S1 | 1.1631 | * | 12 Jun high | |
| 14 | 1.1830 | ** | 1 Jul YTD high | S2 | 1.1573 | ** | Apr high | |
| R2 | 1.1750 | * | 10 Jul high | S3 | 1.1500 | congestion | ||
| R1 | 1.1700 | * | congestion | S4 | 1.1445 | * | 19 Jun low |
Asterisk denotes strength of level
01:35 GMT - Edging lower to extend pullback from the 1.1830 high as negative daily studies weighs. Below the 1.1700 level see room for deeper pullback to strong support at the 1.1631 and 1.1573, 12 June and April highs. Corrective pullback is expected to give way to renewed buying interest later with resistance starting at 1.1700 and extending to 1.1750, 10 July high. Clearance here will expose the 1.1800 level and 1.1830 high to retest and see scope to extend the broader gains from September 2022 low.