Published: 2025-08-01T01:41:38.000Z
Chart EUR/USD Update: Extend consolidation at 1.1400
Technical Analyst
2
Steadied at the 1.1400 level as prices consolidate sharp losses from the 1.1800 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1700 | * | congestion | S1 | 1.1400 | * | congestion | |
| 14 | 1.1600 | * | congestion | S2 | 1.1300 | * | congestion | |
| R2 | 1.1556 | ** | 17 Jul low | S3 | 1.1275 | ** | 2023 year high | |
| R1 | 1.1500 | * | congestion | S4 | 1.1215/00 | ** | 2024 year highs, 38.2% |
Asterisk denotes strength of level
01:35 GMT - Steadied at the 1.1400 level as prices consolidate sharp losses from the 1.1800 level and unwind oversold intraday studies. Daily studies are stretched as well and suggest consolidation likely to extend before giving way to fresh selling pressure later. Lower will see room for deeper pullback to retrace the January/July rally and see room to 1.1300 congestion. Below this will turn focus to 1.1275/1.1200 support. Meanwhile, resistance is lowered to 1.1500 level which is expected to cap. Only above here will see room for stronger bounce to previous low at 1.1556.