Published: 2026-09-01T01:47:27.000Z
Chart EUR/USD Update: Consolidating at 1.1575 support, room for lower later
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Steadied at the 1.1575 support as prices consolidate recent losses from the 1.1710 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1740/65 | ** | 19, 6 Feb lows | S1 | 1.1575 | ** | May low | |
| R3 | 1.1700/10 | ** | congestion | S2 | 1.1550 | * | congestion | |
| R2 | 1.1655 | * | congestion, 30 Apr low | S3 | 1.1500 | * | congestion | |
| R1 | 1.1600 | congestion | S4 | 1.1482 | ** | 15 Jul high |
Asterisk denotes strength of level
01:45 GMT - Steadied at the 1.1575 support as prices consolidate recent losses from the 1.1710 high. However, negative daily and weekly studies suggest this giving way to break later to correct recent strong gains from 1.1355 late-July low. Below 1.1575 support will see scope to 1.1550 congestion then the strong support at 1.1500/1.1482 area. Meanwhile, resistance remains at the 1.1600/1.1655 congestion area. Regaining this is needed to ease the downside pressure and clear the way for retest of the 1.1700/10 congestion and August high.