Chart EUR/USD Update: Under pressure
Little change, as flat oversold intraday studies keep near-term sentiment cautious
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1665~ | * | 10 Mar (w) high, 38.2% ret | S1 | 1.1500 | ** | congestion | |
| R3 | 1.1640 | * | 23 Mar high | S2 | 1.1450 | recent lows, congestion | ||
| R2 | 1.1600 | ** | congestion | S3 | 1.1400/11 | ** | congestion; 13 Mar YTD low | |
| R1 | 1.1550 | * | congestion | S4 | 1.1355 | ** | 38.2% ret of 2025-2026 rally |
*Asterisk denotes strength of level
08:35 BST - Little change, as flat oversold intraday studies keep near-term sentiment cautious and prompt consolidation above congestion support at 1.1500. Overbought daily stochastics are unwinding and the positive daily Tension Indicator is turning down, highlighting room for a break beneath here towards congestion around 1.1450. However, unwinding oversold weekly stochastics could limit any initial tests in consolidation, before the negative weekly Tension Indicator and deteriorating longer-term charts prompt further losses. Meanwhile, resistance remains at congestion around 1.1550. A close above here, if seen, would help to stabilise price action and give way to consolidation beneath further congestion around 1.1600.