Published: 2026-06-17T07:37:02.000Z
Chart EUR/USD Update: Edging higher
-
Little change, as the break above 1.1600 gives way to fresh consolidation
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1800 | ** | break level | S1 | 1.1600 | ** | congestion | |
| R3 | 1.1750 | congestion | S2 | 1.1550 | * | congestion | ||
| R2 | 1.1700 | ** | congestion | S3 | 1.1500 | ** | congestion | |
| R1 | 1.1650 | * | congestion | S4 | 1.1450 | * | congestion |
*Asterisk denotes strength of level
08:30 BST - Little change, as the break above 1.1600 gives way to fresh consolidation. Daily stochastics and the daily Tension Indicator are positive, highlighting room for continuation of recent gains towards congestion around 1.1650. But negative weekly charts should limit any initial tests in fresh consolidation. A close above here, if seen, would help to improve sentiment and extend June gains towards 1.1700. Meanwhile, a close back below 1.1600 would turn sentiment neutral and give way to consolidation above congestion support at 1.1550.