Published: 2026-04-23T07:38:10.000Z
Chart EUR/USD Update: Room for lower
-
Anticipated selling interest has reached congestion support at 1.1700
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1850 | break level | S1 | 1.1700 | ** | congestion | ||
| R3 | 1.1825 | ** | 61.8% ret of Jan-Mar fall | S2 | 1.1640 | ** | 23 Mar (w) high | |
| R2 | 1.1800 | ** | congestion | S3 | 1.1600 | ** | congestion | |
| R1 | 1.1760 | break level | S4 | 1.1550 | * | congestion |
*Asterisk denotes strength of level
08:30 BST - Anticipated selling interest has reached congestion support at 1.1700, where flat oversold intraday studies are prompting short-term reactions. Daily stochastics continue to track lower and the daily Tension Indicator has turned bearish, highlighting room for a break beneath here and continuation of mid-April losses towards the 1.1640 weekly high of 23 March. However, rising weekly charts should limit any tests in renewed buying interest/consolidation. Meanwhile, resistance remains up to the 1.1760 break level, and should cap any immediate tests higher.