Published: 2025-08-21T01:28:39.000Z
Chart EUR/USD Update: Edging lower, room to 1.1600/1.1556 support
Technical Analyst
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Prices remains under pressure from the 1.1700/30 highs and pullback see scope to retest 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
01:25 GMT - Prices remains under pressure from the 1.1700/30 highs and pullback see scope to retest the 1.1600 level. Daily studies have turned down 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 1.1400/1.1390 lows. Meanwhile, resistance at the 1.1700/30 area is expected to cap. Clearance here will return focus to the upside for retest of resistance at the 1.1800 level and 1.1830, July current year high.