Published: 2025-08-29T01:32:27.000Z
Chart EUR/USD Update: Higher in consolidation to pressure 1.1700
Technical Analyst
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Turned up in consolidation above the 1.1600 level to retest the 1.1700 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1900 | * | congestion | S1 | 1.1600 | * | congestion | |
| 14 | 1.1830 | ** | 1 Jul YTD high | S2 | 1.1556 | * | 17 Jul low | |
| R2 | 1.1790/00 | * | 24 Jul high, congestion | S3 | 1.1500 | * | congestion | |
| R1 | 1.1700/42 | ** | congestion, 25 Aug high | S4 | 1.1400 | ** | congestion |
Asterisk denotes strength of level
01:25 GMT - Turned up in consolidation above the 1.1600 level to retest the 1.1700 level. Clearance here and the 1.1742 high will extend the broader gains from the 1.1400, July/August lows, and return focus to the upside for retest of the 1.1800 level and 1.1830, July current year high. Meanwhile, support at the 1.1600/1.1556 area is expected to underpin. Break here, if seen, will negate the bullish bounce from support at the 1.1400 level and leave the way open for retest of the 1.1500 and 1.1400 congestion.