Published: 2025-09-26T01:18:24.000Z
Chart EUR/USD Update: Extending pullback from 1.1918 high
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Consolidation above the 1.1730/00 area has given way to fresh selling pressure to extend pullback from the 1.1918 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.2000 | ** | psychological | S1 | 1.1645 | 25 Sep low | ||
| 14 | 1.1918 | ** | 17 Sep YTD high | S2 | 1.1600 | ** | congestion | |
| R2 | 1.1800/30 | * | congestion, Jul high | S3 | 1.1570 | * | congestion | |
| R1 | 1.1700/26 | * | congestion, 22 Sep low | S4 | 1.1500 | * | congestion |
Asterisk denotes strength of level
01:10 GMT - Consolidation above the 1.1730/00 area has given way to fresh selling pressure to extend pullback from the 1.1918 high of last week. Bearish momentum and negative daily and weekly studies threatens deeper pullback to retrace gains from the 1.1400 low to strong support at the 1.1600/1.1570 area. Meanwhile, resistance is lowered to the 1.1700/26 area which is now expected to cap. Would need to regain this to fade the downside pressure and set up scope for retest of resistance at the 1.1800/30 area then the 1.1918 high.