Published: 2025-07-10T01:27:56.000Z
Chart EUR/USD Update: Consolidating above 1.1700 support
Technical Analyst
1
Little change, as prices extend consolidation above the 1.1700 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.900/10 | * | congestion, Sep 2021 high | S1 | 1.1700 | * | congestion | |
| 14 | 1.1850 | * | congestion | S2 | 1.1631 | * | 12 Jun high | |
| R2 | 1.1830 | ** | 1 Jul YTD high | S3 | 1.1573 | ** | Apr high | |
| R1 | 1.1750 | * | congestion | S4 | 1.1500 | * | congestion |
Asterisk denotes strength of level
01:25 GMT - Little change, as prices extend consolidation above the 1.1700 level. Daily studies have turned mixed and suggest consolidation here likely to extend. Would take break to open up deeper losses to strong support at 1.1631 and 1.1573, previous highs. Corrective pullback is expected to give way to renewed buying interest later. Meanwhile, resistance is at the 1.1750/1.1800 area and clearance here will expose the 1.1830 high to retest. Break here will extend the broader gains from September 2022 low to target the 1.1850 congestion and 1.1900/10 resistance.