Published: 2026-05-26T01:31:40.000Z
Chart EUR/USD Update: Room to extend bounce from 1.1575
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Turned up in consolidation from the 1.1600/1.1575 support as prices unwind oversold daily studies to reach the 1.1655 resistance
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1800 | ** | congestion | S1 | 1.1600 | * | congestion | |
| 14 | 1.1750 | * | congestion | S2 | 1.1575 | ** | 21 May low | |
| R2 | 1.1700 | * | congestion | S3 | 1.1550/00 | ** | congestion | |
| R1 | 1.1655 | ** | 30 Apr low | S4 | 1.1450 | congestion |
Asterisk denotes strength of level
01:25 GMT - Turned up in consolidation from the 1.1600/1.1575 support as prices unwind oversold daily studies to reach the 1.1655 resistance. Would take break here to open up room for stronger gains to resistance at the 1.1700 level. Regaining this will revive upside focus and see room for extension to strong resistance at the 1.1750/1.1800 congestion area. Clearance will return focus to the upside for retest of 1.1850 April high and see scope to extend gains from 1.1410, March YTD low. Meanwhile, support at the 1.1600 level and extending to 1.1575 low should underpin.