Published: 2025-07-11T07:40:30.000Z
Chart EUR/AUD Update: Extending pullback from 1.8100 high
Technical Analyst
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Sharply lower to extend pullback from the 1.8100 high as prices unwind overbought daily studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.8245 | * | 76.4% Apr/May fall | S1 | 1.7700 | ** | congestion | |
| R3 | 1.8100 | ** | 7 Jul high | S2 | 1.7630 | * | 18 Jun low | |
| R2 | 1.8000 | * | Jun high | S3 | 1.7460 | * | 10 Jun low | |
| R1 | 1.7900 | * | congestion | S4 | 1.7400 | * | congestion |
Asterisk denotes strength of level
07:40 GMT - Sharply lower to extend pullback from the 1.8100 high as prices unwind overbought daily studies. Break of the 1.7800 level see room for deeper losses to retrace the May/July rally to the strong support at the 1.7700 congestion. Weekly chart are overbought as well and highlights risk for break lower to open up room to the 1.7630 and 1.7460, 18 and 10 June lows. Meanwhile, resistance is lowered to the 1.7900 level which is expected to cap and limit any correctve bounce and sustain losses from the 1.8100 high.