Published: 2025-09-01T01:36:46.000Z
Chart EUR/USD Update: Back to pressure 1.1700/42 resistance
Technical Analyst
1
Turned up in range to retest the 1.1700 level following bounce from support at the 1.1600/1.1556 area
| 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 range to retest the 1.1700 level following bounce from support at the 1.1600/1.1556 area. Consolidation here is expected to give way to break later to extend bounce from the 1.1400, July/August lows. Clearing the 1.1700/42 resistance and trendline from the July high will return focus to 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 1.1400 level and leave the way open for retest of the 1.1500 and 1.1400 congestion.