Published: 2026-05-05T01:46:25.000Z
Chart EUR/USD Update: Leaning lower from 1.1785 high
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Break of the 1.1700 level see prices extending rejection from the 1.1785 Friday's high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1850 | ** | 17 Apr high, congestion | S1 | 1.1675 | * | 200-day MA | |
| 14 | 1.1800 | * | congestion | S2 | 1.1640 | ** | 23 Mar high | |
| R2 | 1.1750/85 | ** | congestion, 1 May high | S3 | 1.1600 | * | congestion | |
| R1 | 1.1700 | * | congestion | S4 | 1.1550 | * | congestion |
Asterisk denotes strength of level
01:40 GMT - Break of the 1.1700 level see prices extending rejection from the 1.1785 Friday's high and threaten retest of the 200-day MA at 1.1675. Negative daily studies weighs and see risk for break here expose strong support at 1.1640 high 23 March to retest. Lower still, will see room to the 1.1600 congestion. Corrective pullback is expected to give way to renewed buying interest later. Meanwhile, resistance is lowered to 1.1700 congestion. Would need to regain this to expose the 1.1750 congestion and 1.1785 high to retest.