Published: 2025-08-22T01:38:59.000Z
Chart EUR/USD Update: Weighing on 1.1600 support
Technical Analyst
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Extending pullback from the 1.1700/30 highs to retest support at the 1.1600 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 | 1.1700/30 | ** | congestion, 13 Aug high | S4 | 1.1400 | ** | congestion |
Asterisk denotes strength of level
01:35 GMT - Extending pullback from the 1.1700/30 highs to retest support at the 1.1600 level. Daily studies are extending pullback from overbought areas and break of the latter will see room for deeper pullback to the 1.1556 support. Would take break of these to return focus to the downside for retest of the 1.1500 congestion then the strong support at 1.1400/1.1390 congestion area. Meanwhile, resistance at the 1.1700/30 area is expected to cap and sustain losses from the 1.1800/30, July highs.