Published: 2026-05-11T01:43:19.000Z
Chart EUR/USD Update: Higher in choppy trade
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Higher in choppy trade as prices extend gains from the 1.1655 low of 30 April to approach resistance at 1.1800 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1928 | ** | 10 Feb high | S1 | 1.1700 | * | congestion | |
| 14 | 1.1900 | * | congestion | S2 | 1.1675 | * | 200-day MA | |
| R2 | 1.1850 | ** | Apr high, congestion | S3 | 1.1655 | ** | 30 Apr low | |
| R1 | 1.1800 | ** | congestion | S4 | 1.1640 | ** | 23 Mar high |
Asterisk denotes strength of level
01:30 GMT - Higher in choppy trade as prices extend gains from the 1.1655 low of 30 April to approach resistance at 1.1800 level. Break here will see room for extension to retest the April high at 1.1850. Clearance here will see room for stronger gains to retrace the January/March losses and see gains to strong resistance at 1.1900/28 congestion and 10 February high. Meanwhile, support remains at the 1.1700 level which should underpin and sustain gains from support at the 1.1675/1.1655, 200-day MA and 30 April low.