Published: 2025-09-01T07:42:13.000Z
Chart EUR/USD Update: Edging higher
Senior Technical Strategist
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The anticipated minor pullback towards 1.1600 has not been seen
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1900 | ** | Jul-Sep 2021 break level | S1 | 1.1700 | * | congestion | |
| R3 | 1.1830 | ** | 1 Jul YTD high | S2 | 1.1600 | * | congestion | |
| R2 | 1.1789 | * | 24 Jul (w) high | S3 | 1.1500 | ** | congestion | |
| R1 | 1.1750 | * | break level | S4 | 1.1400 | ** | congestion |
*Asterisk denotes strength of level
08:25 BST - The anticipated minor pullback towards 1.1600 has not been seen, as prices turn higher to reach 1.1730. Intraday studies are rising and daily readings have turned up, suggesting room for a test of resistance at 1.1750. Beyond here is the 1.1789 weekly high of 24 July. But deteriorating weekly charts should limit any extension beyond here in renewed selling interest towards critical resistance at the 1.1830 current year high of 1 July. Meanwhile, a break back below congestion support at 1.1700 is expected to give way to fresh consolidation/buying interest above congestion around 1.1600.