Published: 2026-04-17T01:29:02.000Z
Chart EUR/USD Update: Consolidating test of 1.1800/25 resistance
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Test of strong resistance at the 1.1800/25 congestion and 61.8% Fibonacci level has given way to consolidation
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1900/30 | * | congestion, 10 Feb high | S1 | 1.1750 | * | congestion | |
| 14 | 1.1850 | * | congestion | S2 | 1.1700 | * | congestion | |
| R2 | 1.1825 | * | 61.8% Jan/Mar fall | S3 | 1.1640 | ** | 23 Mar high | |
| R1 | 1.1800 | ** | congestion | S4 | 1.1600 | * | congestion |
Asterisk denotes strength of level
01:25 GMT - Test of strong resistance at the 1.1800/25 congestion and 61.8% Fibonacci level has given way to consolidation as prices unwind overbought intraday and daily studies. Pullback see support starting at 1.1750 congestion. Below this open up room for deeper pullback to the 1.1700 level and strong support at 1.1640, 23 March high. Consolidation is expected to give way to renewed buying interest later and clearing the 1.1800/25 resistance will see room to further retrace the January/March losses to the 1.1850 congestion then 1.1900/30 area.