Published: 2026-05-21T07:30:03.000Z
Chart EUR/USD Update: Under pressure
1
Little change, as cautious trade extends pressure on congestion support at 1.1600
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1800 | ** | congestion | S1 | 1.1600 | ** | congestion | |
| R3 | 1.1750 | congestion | S2 | 1.1550 | * | congestion | ||
| R2 | 1.1700 | ** | congestion | S3 | 1.1500 | ** | congestion | |
| R1 | 1.1655 | ** | 30 Apr (w) low | S4 | 1.1450 | * | congestion |
*Asterisk denotes strength of level
08:25 BST - Little change, as cautious trade extends pressure on congestion support at 1.1600. Daily readings have turned down once again and broader weekly charts are bearish, highlighting room for fresh losses in the coming sessions. A close beneath here will add weight to sentiment and extend mid-April losses towards further congestion around 1.1550. Beneath here is 1.1500. Meanwhile, resistance remains at the 1.1655 weekly low of 30 April, and should cap any immediate tests higher. A close above here, if seen, should give way to consolidation beneath 1.1700.