Published: 2026-06-26T01:24:04.000Z
Chart EUR/USD Update: Consolidating
-
Limited on break of the 1.1355 Fibonacci level as prices turned up from fresh year low at 1.1325
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1550/75 | ** | congestion, May low | S1 | 1.1355 | * | 38.2% 2025/2026 rally | |
| R3 | 1.1500 | ** | 8 Jun low | S2 | 1.1325 | ** | 24 Jun YTD low | |
| R2 | 1.1450 | * | congestion | S3 | 1.1275 | * | 2023 year high | |
| R1 | 1.1400/10 | ** | congestion, Mar low | S4 | 1.1210/00 | ** | congestion, 2024 yr high |
Asterisk denotes strength of level
01:20 GMT - Limited on break of the 1.1355 Fibonacci level as prices turned up from fresh year low at 1.1325 to consolidate sharp losses from above 1.1600 high of last week. Intraday and daily studies have turned higher to unwind oversold readings, suggesting scope for corrective bounce before giving way fresh selling pressure. Meanwhile, resistance is at the 1.1400/10 congestion and March low which is expected to cap. Gains above here will ease the downside pressure and see room for stronger bounce to resistance at 1.1450 congestion and 1.1500, 8 June low.