Published: 2026-05-14T01:33:47.000Z
Chart EUR/USD Update: Weighing on 1.1700, break in focus
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Lower in consolidation to pressure support at the 1.1720/00 congestion area
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1900 | * | congestion | S1 | 1.1720/00 | * | congestion | |
| 14 | 1.1850 | ** | Apr high, congestion | S2 | 1.1675 | * | 5 May low | |
| R2 | 1.1800 | ** | congestion | S3 | 1.1655 | ** | 30 Apr low | |
| R1 | 1.1750 | * | congestion | S4 | 1.1640 | ** | 23 Mar high |
Asterisk denotes strength of level
01:25 GMT - Lower in consolidation to pressure support at the 1.1720/00 congestion area. Negative daily studies threaten break here to open up room for retest of strong support at the 1.1675/1.1655 lows. Below these will see deeper pullback to retrace the March/April gains and see room for extension to support at 1.1640 and the 1.1600 level. Meanwhile, resistance is lowered to the 1.1750 congestion which is expected to cap. Only above here will ease the downside pressure and see room to extend consolidation to the 1.1800 congestion.