Published: 2026-04-27T07:50:03.000Z
Chart EUR/USD Update: Limited tests higher
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Cautious trade around 1.1700 has given way to a push higher
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1850 | break level | S1 | 1.1700 | ** | congestion | ||
| R3 | 1.1825 | ** | 61.8% ret of Jan-Mar fall | S2 | 1.1670 | * | 23 Apr (w) low | |
| R2 | 1.1800 | ** | congestion | S3 | 1.1640 | ** | 23 Mar (w) high | |
| R1 | 1.1760 | break level | S4 | 1.1600 | ** | congestion |
*Asterisk denotes strength of level
08:35 BST - Cautious trade around 1.1700 has given way to a push higher, as intraday studies turn up, with prices currently trading around 1.1735. A test of resistance at 1.1760 cannot be ruled out. But bearish daily stochastics and the negative daily Tension Indicator should limit any break in renewed selling interest/consolidation towards congestion around 1.1800. Meanwhile, support is raised to congestion around 1.1700 and extends to the 1.1670 weekly low of 23 April. A close beneath here would turn sentiment negative and mid-April losses towards the 1.1640 weekly high of 23 March.