Published: 2026-04-06T01:41:10.000Z
Chart EUR/USD Update: Under pressure
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Retest of the 1.1600 level gave way to fresh selling pressure below the 1.1640/67 resistance
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1700 | * | congestion | S1 | 1.1500 | * | congestion | |
| 14 | 1.1667 | ** | 10 Mar high | S2 | 1.1450 | * | congestion | |
| R2 | 1.1640 | ** | congestion | S3 | 1.1410 | ** | 13 Mar YTD low | |
| R1 | 1.1600 | * | congestion | S4 | 1.1355 | * | 38.2% 2025/Jan rally |
Asterisk denotes strength of level
01:35 GMT - Retest of the 1.1600 level gave way to fresh selling pressure below the 1.1640/67 resistance as prices extend choppy trade within a a 4-week triangle pattern. Pullback threatens support at the 1.1500 level and where break will open up room for extension to retest 1.1450 congestion and 1.1410 low. Below these will further extend losses to retrace gains from the January 2025 low. Meanwhile, resistance at the 1.1600 level now expected to cap. Only above here will expose strong resistance at 1.1640/1.1667, lower highs to retest.