Published: 2026-04-29T01:49:05.000Z
Chart EUR/USD Update: Consolidating above 1.1670 low
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Settled into consolidation around the 1.1700 level following bounce from the 1.1670 low of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1850 | * | 17 Apr high, congestion | S1 | 1.1670 | * | 23 Apr low, 200-day MA | |
| 14 | 1.1825 | * | 61.8% Jan/Mar fall | S2 | 1.1640 | ** | 23 Mar high | |
| R2 | 1.1800 | ** | congestion | S3 | 1.1600 | * | congestion | |
| R1 | 1.1750 | congestion | S4 | 1.1576 | * | Jan low |
Asterisk denotes strength of level
01:40 GMT - Settled into consolidation around the 1.1700 level following bounce from the 1.1670 low of last week. Resistance is at the 1.1750 congestion and lift over this needed to open up room for retest of resistance at the 1.1800/25 area. Clearance here will see return focus to the 1.1850 high of 17 April. Break here will further retrace the January/March losses towards strong resistance at the 1.1900/30 area. Meanwhile, support at the 1.1670 low and extending to strong support 23 March high at 1.1640 are expected to underpin and sustain gains from the 1.1410 March current year low.