Published: 2026-03-26T08:48:34.000Z
Chart EUR/USD Update: Leaning lower
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Cautious trade around 1.1600 has given way to a drift lower
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1700 | * | congestion | S1 | 1.1550 | * | congestion | |
| R3 | 1.1665~ | * | 10 Mar (w) high, 38.2% ret | S2 | 1.1500 | ** | congestion | |
| R2 | 1.1640 | * | 23 Mar high | S3 | 1.1450 | recent lows, congestion | ||
| R1 | 1.1600 | ** | congestion | S4 | 1.1400/11 | ** | congestion; 13 Mar YTD low |
*Asterisk denotes strength of level
08:30 GMT - Cautious trade around 1.1600 has given way to a drift lower, with prices currently pressuring congestion support at 1.1550. Intraday studies have turned down and overbought daily stochastics are also under pressure, highlighting room for a break beneath here. However, the rising daily Tension Indicator is expected to limit initial scope in consolidation above congestion support at 1.1500, before mixed/negative weekly charts extend losses still further. Meanwhile, a close back above congestion resistance at 1.1600 would help to stabilise price action and prompt consolidation beneath the 1.1640 high of 23 March.