Published: 2026-04-28T01:22:33.000Z
Chart EUR/USD Update: Consolidating, room for higher later
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Turned up from the 1.1670 low of last week as prices consolidate losses from the 1.1850, 17 April high
| 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
01:15 GMT - Turned up from the 1.1670 low of last week as prices consolidate losses from the 1.1850, 17 April high. 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 room to retest the 1.1850 high and 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.