Published: 2026-05-06T07:53:39.000Z
Chart EUR/USD Update: Limited tests higher
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Consolidation within the 1.1670 - 1.1700 range has given way to a push higher
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1825 | ** | 61.8% ret of Jan-Mar fall | S1 | 1.1700 | ** | congestion | |
| R3 | 1.1800 | ** | congestion | S2 | 1.1670 | ** | 23 Apr (w) low | |
| R2 | 1.1785 | * | 1 May (w) high | S3 | 1.1640 | ** | 23 Mar (w) high | |
| R1 | 1.1760 | break level | S4 | 1.1600 | ** | congestion |
*Asterisk denotes strength of level
08:30 BST - Consolidation within the 1.1670 - 1.1700 range has given way to a push higher, as intraday studies turn up, with prices currently trading around 1.1730. Focus is back on resistance at 1.1760. But mixed daily and weekly readings are expected to limit any initial tests in fresh consolidation. A break, if seen, should give way to fresh consolidation beneath congestion around 1.1800. Meanwhile, support is at congestion around 1.1700. But a close below the 1.1670 weekly low of 23 April would add weight to sentiment and extend mid-April losses initially towards the 1.1640 weekly high of 23 March.