Published: 2025-09-03T07:38:36.000Z
Chart EUR/USD Update: Prices remain under pressure
Senior Technical Strategist
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Little change, as prices extend cautious trade above congestion support at 1.1600
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1830 | ** | 1 Jul YTD high | S1 | 1.1600 | * | congestion | |
| R3 | 1.1789 | * | 24 Jul (w) high | S2 | 1.1500 | ** | congestion | |
| R2 | 1.1750 | * | break level | S3 | 1.1400 | ** | congestion | |
| R1 | 1.1700 | * | congestion | S4 | 1.1360 | ** | 61.8% ret of May-Jul rally |
*Asterisk denotes strength of level
08:30 BST - Little change, as prices extend cautious trade above congestion support at 1.1600. Intraday studies have turned down and daily readings are also under pressure, highlighting room for fresh losses in the coming sessions. A close beneath here will add weight to sentiment and complete a multi-week distribution pattern within 1.1600-1.1700, as focus then turns to 1.1500. Broader weekly charts are also deteriorating, suggesting continuation towards critical support within 1.1360-1.1400. Meanwhile, resistance remains at congestion around 1.1700 and extends to 1.1750. This range should cap any immediate tests higher.