Published: 2026-05-06T01:35:59.000Z
Chart EUR/USD Update: Higher in consolidation from 1.1675/55 lows
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Turned up from retest of the 200-day MA at 1.1675 as prices extend choppy trade around the 1.1700 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1850 | ** | 17 Apr high, congestion | S1 | 1.1675 | * | 200-day MA | |
| 14 | 1.1800 | * | congestion | S2 | 1.1655 | ** | 30 Apr low | |
| R2 | 1.1785 | ** | 1 May high | S3 | 1.1640 | ** | 23 Mar high | |
| R1 | 1.1750 | * | congestion | S4 | 1.1600 | * | congestion |
Asterisk denotes strength of level
01:30 GMT - Turned up from retest of the 200-day MA at 1.1675 as prices extend choppy trade around the 1.1700 level. Support at the 1.1675/55 lows now seen protecting the downside and only break here open up room for deeper pullback to retrace the March/April gains and see room to strong support at 1.1640/1.1600 area. Meanwhile, resistance is at the 1.1750 congestion. Clearance here will expose the 1.1785 high of last week to retest and see potential for extension to retest the 1.1800 level and the 1.1850, April high.