Published: 2026-05-07T01:53:29.000Z
Chart EUR/USD Update: Higher in choppy trade
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Settled back in consolidation from test of the 1.1785/1.1800 resistance but pressure remains on the upside
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1900/28 | ** | congestion, 10 Feb high | S1 | 1.1700 | * | congestion | |
| 14 | 1.1850 | ** | Apr high, congestion | S2 | 1.1675 | * | 200-day MA | |
| R2 | 1.1800 | * | congestion | S3 | 1.1655 | ** | 30 Apr low | |
| R1 | 1.1785 | ** | 1 May high | S4 | 1.1640 | ** | 23 Mar high |
Asterisk denotes strength of level
01:45 GMT - Settled back in consolidation from test of the 1.1785/1.1800 resistance but pressure remains on the upside and see scope for break to open up the April high at 1.1850 to retest. Clearance here will open up room for stronger gains to retrace the January/March losses and see extension to strong resistance at 1.1900/28 congestion and 10 February high. Meanwhile, support is raised to the 1.1700 level which should underpin and sustain gains from the 1.1675/1.1655, 200-day MA and 30 April higher low, now seen protecting the downside.