Published: 2026-04-29T07:45:14.000Z
Chart EUR/USD Update: Cautious trade - studies under pressure
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Little change, as prices extend cautious trade around congestion support at 1.1700
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1850 | break level | S1 | 1.1700 | ** | congestion | ||
| R3 | 1.1825 | ** | 61.8% ret of Jan-Mar fall | S2 | 1.1670 | ** | 23 Apr (w) low | |
| R2 | 1.1800 | ** | congestion | S3 | 1.1640 | ** | 23 Mar (w) high | |
| R1 | 1.1760 | break level | S4 | 1.1600 | ** | congestion |
*Asterisk denotes strength of level
08:35 BST - Little change, as prices extend cautious trade around congestion support at 1.1700. Daily stochastics continue to fall and the daily Tension Indicator is also under pressure, highlighting room for further losses. But a close below the 1.1670 weekly low of 23 April is needed to turn sentiment negative and extend mid-April losses towards the 1.1640 weekly high of 23 March. Rising weekly charts, however, could limit any initial tests beneath here in renewed consolidation above congestion support at 1.1600. Meanwhile, resistance remains up to 1.1760, and should continue to cap any immediate tests higher.