Published: 2026-03-27T01:37:36.000Z
Chart EUR/USD Update: Bear flag threatens
-
Turned down from the 1.1640 Monday's high through the 1.1600 level as prices consolidate choppy gains from the 1.1410 low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1700 | * | congestion | S1 | 1.1500 | * | congestion | |
| 14 | 1.1667 | * | 10 Mar high | S2 | 1.1450 | * | congestion | |
| R2 | 1.1640 | ** | 23 Mar high | S3 | 1.1410 | ** | 13 Mar YTD low | |
| R1 | 1.1600 | * | congestion | S4 | 1.1355 | * | 38.2% 2025/Jan rally |
Asterisk denotes strength of level
01:30 GMT - Turned down from the 1.1640 Monday's high through the 1.1600 level as prices consolidate choppy gains from the 1.1410, 13 March YTD low. Pullback threatens a bear flag pattern and break of support at the 1.1500 level fade the upside pressure and turn focus to support at the 1.1450 congestion and 1.1410 low. Below the latter will open up room for deeper pullback to retrace gains from the January 2025 year low to 1.1355, 38.2% Fibonacci retracement. Meanwhile, resistance at the 1.1600/40 area is expected to cap and limit corrective bounce.