Published: 2026-03-25T08:42:07.000Z
Chart EUR/USD Update: Consolidating - potential for a test higher
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Little change, as mixed intraday studies keep near-term sentiment cautious
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1745 | ** | 50% ret of Jan-Mar fall | S1 | 1.1600 | ** | congestion | |
| R3 | 1.1700 | * | congestion | S2 | 1.1550 | * | congestion | |
| R2 | 1.1665~ | * | 10 Mar (w) high, 38.2% ret | S3 | 1.1500 | ** | congestion | |
| R1 | 1.1640 | 23 Mar high | S4 | 1.1450 | recent lows, congestion |
*Asterisk denotes strength of level
08:30 GMT - Little change, as mixed intraday studies keep near-term sentiment cautious and extend consolidation above congestion support at 1.1600. Daily readings are rising, suggesting room for a break higher. But overbought daily stochastics and negative weekly charts should limit scope in renewed selling interest towards the 1.1665 Fibonacci retracement. Meanwhile, support is down to congestion around 1.1550 and should underpin any immediate tests below 1.1600.