Published: 2026-04-16T01:20:44.000Z
Chart EUR/USD Update: Pressuring 1.1800/25 resistance
-
Limited above the 1.1800 level but pressure remains on the upside and see scope to the nearby resistance at 1.1825, 61.8% Fibonacci retracement
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1900/30 | * | congestion, 10 Feb high | S1 | 1.1750 | * | congestion | |
| 14 | 1.1850 | * | congestion | S2 | 1.1700 | * | congestion | |
| R2 | 1.1825 | * | 61.8% Jan/Mar fall | S3 | 1.1640 | ** | 23 Mar high | |
| R1 | 1.1800 | ** | congestion | S4 | 1.1600 | * | congestion |
Asterisk denotes strength of level
01:15 GMT - Limited above the 1.1800 level but pressure remains on the upside and see scope to the nearby resistance at 1.1825, 61.8% Fibonacci retracement. Overbought daily studies suggest consolidation here likely before further push higher to extend gains from the 1.1410, 13 March current year low. Break here will see room for extension to the 1.1850 congestion then 1.1900/30 area. Meanwhile, support is raised to the 1.1750/00 congestion area which should underpin. Only below here will expose strong support at the 1.1640, 23 March high.