Published: 2025-07-03T01:26:33.000Z
Chart EUR/USD Update: Consolidating at 1.1800, room for higher
Technical Analyst
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Settled back from the 1.1830 high as prices consolidate strong run-up from the 1.1150/45 support and low of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.2000/20 | ** | congestion, 38.2% 2008/2022 fall | S1 | 1.1707/00 | * | 30 Jun low, congestion | |
| 14 | 1.1900/10 | * | congestion, Sep 2021 high | S2 | 1.1631 | * | 12 Jun high | |
| R2 | 1.1850 | * | congestion | S3 | 1.1573 | ** | Apr high | |
| R1 | 1.1830 | ** | 1 Jul YTD high | S4 | 1.1500 | * | congestion |
Asterisk denotes strength of level
01:20 GMT - Settled back from the 1.1830 high as prices consolidate strong run-up from the 1.1150/45 support and low of last week. Bullish momentum keeps focus firmly on the upside and higher will see room to the 1.1850 congestion and 1.1900/10 area. However, the deep overbought daily studies caution corrective pullback. Meanwhile, support is raised to 1.1707/00 congestion which should underpin. Would take break here to open up room for corrective pullback to the strong support at the 1.1631 and 1.1573, previous highs.