Published: 2026-04-23T01:44:06.000Z
Chart EUR/USD Update: Extending corrective pullback
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Extending pullback from the 1.1850 high of last week as prices retrace gains from the 1.1410 March low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1900/30 | ** | congestion, Feb high | S1 | 1.1700 | * | congestion | |
| 14 | 1.1850 | * | 17 Apr high, congestion | S2 | 1.1640 | ** | 23 Mar high | |
| R2 | 1.1825 | * | 61.8% Jan/Mar fall | S3 | 1.1600 | * | congestion | |
| R1 | 1.1800 | ** | congestion | S4 | 1.1576 | * | Jan low |
Asterisk denotes strength of level
01:35 GMT - Extending pullback from the 1.1850 high of last week as prices retrace gains from the 1.1410 March low to reach congestion at the 1.1700 level. Lower will see room for deeper correction to the strong support at 1.1640/00, 23 March high and congestion area which is expected to underpin and give way to renewed buying interest later. Meanwhile, resistance is at the 1.1800/25 area and clearance here will see room to retest the 1.1850 high. Above these will further retrace the January/March losses and see extension to the strong resistance at the 1.1900/30 area.