Published: 2026-06-05T07:38:08.000Z
Chart EUR/USD Update: Range extension
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Little change, as prices extend cautious trade within the 1.1600 - 1.1655 range
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1800 | ** | congestion | S1 | 1.1600 | ** | congestion | |
| R3 | 1.1750 | congestion | S2 | 1.1550 | * | congestion | ||
| R2 | 1.1700 | ** | congestion | S3 | 1.1500 | ** | congestion | |
| R1 | 1.1655 | ** | 30 Apr (w) low | S4 | 1.1450 | * | congestion |
*Asterisk denotes strength of level
08:30 BST - Little change, as prices extend cautious trade within the 1.1600 - 1.1655 range. Intraday studies are rising, highlighting potential for a test of resistance at the 1.1655 weekly low of 30 April. But mixed daily and weekly readings should limit any break in renewed consolidation beneath congestion around 1.1700. Meanwhile, support remains at congestion around 1.1600. A close beneath here would add weight to sentiment and extend mid-April losses initially towards further congestion around 1.1550. Bearish longer-term charts point to room for still deeper losses.