Published: 2025-09-24T01:20:52.000Z
Chart EUR/USD Update: Pressuring 1.1800/30 resistance
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Edging higher within the channel from the 1.1400 August low to retest resistance at the 1.1800/30 area
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.2020 | * | 38.2% 2008/2022 fall | S1 | 1.1700 | * | congestion | |
| 14 | 1.2000 | ** | psychological | S2 | 1.1660 | * | 11 Sep low | |
| R2 | 1.1918 | ** | 17 Sep YTD high | S3 | 1.1600 | ** | congestion | |
| R1 | 1.1800/30 | * | congestion, Jul high | S4 | 1.1556 | * | 17 Jul low, congestion |
Asterisk denotes strength of level
01:15 GMT - Edging higher within the channel from the 1.1400 August low to retest resistance at the 1.1800/30 area. Clearance here will return focus to the upside for retest of the 1.1918, current year high. Beyond this will turn focus to the 1.2000 psychological level and 1.2020, 38.2% Fibonacci level. However, mixed daily and weekly studies suggest the 1.1918 high keeping out of reach for now further consolidation expected. Meanwhile, support at the 1.1730/00 area is expected to underpin and sustain gains from the August low.