Published: 2026-09-04T01:54:46.000Z
Chart EUR/USD Update: Higher in consolidation
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Consolidation at the 1.1575 support has given way to bounce to retrace losses from the 1.1710 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1800 | * | congestion | S1 | 1.1575 | ** | May low | |
| R3 | 1.1740/65 | ** | 19, 6 Feb lows | S2 | 1.1550 | * | congestion | |
| R2 | 1.1700/10 | ** | congestion | S3 | 1.1500 | * | congestion | |
| R1 | 1.1655 | * | congestion, 30 Apr low | S4 | 1.1482 | ** | 15 Jul high |
Asterisk denotes strength of level
01:45 GMT - Consolidation at the 1.1575 support has given way to bounce to retrace losses from the 1.1710 high. Daily studies have turned up from oversold areas and see room to resistance at 1.1655. Regaining this needed to revive upside focus and see room for retest of the 1.1700/10 resistance. Clearance here will extend the June gains and open up room for extension to strong resistance at 1.1740/65 area and the 1.1800 congestion. Meanwhile, support remains at the 1.1575/50 congestion area. Only below here will open up room for deeper pullback to retrace gains from the 1.1355/25 lows.