Published: 2025-09-18T01:45:07.000Z
Chart EUR/USD Update: Settled back from fresh year high
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Failed to sustain spike to fresh year high at 1.1919 as prices settled back in consolidation to unwind overbought intraday studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.2050 | * | congestion | S1 | 1.1800 | * | congestion | |
| 14 | 1.2020 | * | 38.2% 2008/2022 fall | S2 | 1.1780 | * | 9 Sep high | |
| R2 | 1.2000 | ** | psychological | S3 | 1.1743 | ** | Aug high | |
| R1 | 1.1900/10 | * | congestion, Sep 2021 high | S4 | 1.1700 | * | congestion |
Asterisk denotes strength of level
01:35 GMT - Failed to sustain spike to fresh year high at 1.1919 as prices settled back in consolidation to unwind overbought intraday studies. Daily chart are stretched as well and suggest room for pullback to correct gains from the 1.1400, August low. Pullback see support starting at the 1.1800/1.1780 area and break here will open up room for deeper pullback to the 1.1743/00 area which is expected to underpin. Corrective pullback in expected to give way to renewed buying interest later to retest the 1.1900/19 congestion and 17 September current year high.