Published: 2026-06-18T07:52:32.000Z
Chart EUR/USD Update: Consolidating sharp losses - studies under pressure
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Sharp selling interest has tested below congestion support at 1.1500
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1700 | ** | congestion | S1 | 1.1500 | ** | congestion | |
| R3 | 1.1650 | * | congestion | S2 | 1.1450 | * | congestion | |
| R2 | 1.1600 | ** | congestion | S3 | 1.1400/10 | ** | congestion; 13 Mar YTD low | |
| R1 | 1.1550 | * | congestion | S4 | 1.1355 | ** | 38.2% ret of 2025-2026 rally |
*Asterisk denotes strength of level
08:30 BST - Sharp selling interest has tested below congestion support at 1.1500, with prices reaching 1.1480~ before bouncing back above 1.1500. Daily readings have turned down and broader weekly charts remain bearish, highlighting room for further losses in the coming sessions. A close below 1.1500 will add weight to sentiment and extend mid-April losses initially to further congestion around 1.1450. Beneath here is critical support at 1.1400/10. Meanwhile, resistance is lowered to congestion around 1.1550. A close above here, if seen, will help to stabilise price action and prompt consolidation beneath congestion around 1.1600.