Chart EUR/USD Update: Consolidating
Still little change, as prices extend cautious trade within the 1.1400 - 1.1450 range following the anticipated test of congestion support at 1.1400
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1550 | * | congestion | S1 | 1.1400 | * | congestion | |
| R3 | 1.1500 | ** | congestion | S2 | 1.1355 | ** | 38.2% ret of 2025-2026 rally | |
| R2 | 1.1473 | * | 2 Jul (w) high | S3 | 1.1325 | ** | 24 Jun YTD low | |
| R1 | 1.1450 | * | congestion | S4 | 1.1300 | ** | congestion |
*Asterisk denotes strength of level
08:30 BST - Still little change, as prices extend cautious trade within the 1.1400 - 1.1450 range following the anticipated test of congestion support at 1.1400. Daily readings continue to rise and oversold weekly stochastics are ticking higher, highlighting room for a retest of congestion resistance at 1.1450. But the negative weekly Tension Indicator and bearish longer-term charts should limit any immediate break in renewed selling interest beneath the 1.1473 weekly high of 2 July. A close above here, however, would improve sentiment and extend late-June gains towards congestion around 1.1500. Meanwhile, a break below 1.1400 will add weight to sentiment and put focus on critical support within the 1.1325 - 1.1355 range.