Published: 2026-08-21T01:44:29.000Z
Chart EUR/USD Update: Consolidating at 1.1700, room for higher later
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Extending bullish break of resistance at the 1.1575/1.1600 area to reach the 1.1700 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1850 | ** | Apr high | S1 | 1.1655 | * | 30 Apr low | |
| R3 | 1.1800 | * | congestion | S2 | 1.1600 | * | congestion | |
| R2 | 1.1740/65 | ** | 19, 6 Feb lows | S3 | 1.1575/50 | ** | May low, congestion | |
| R1 | 1.1700 | * | congestion | S4 | 1.1512/00 | ** | 13 Aug low, congestion |
Asterisk denotes strength of level
01:40 GMT - Extending bullish break of resistance at the 1.1575/1.1600 area to reach the 1.1700 level. Consolidation here see prices unwinding overbought intraday studies but positive daily and weekly studies keep pressure on the upside and suggest scope to extend bullish gains from the 1.1355, July low. Above 1.1700 level will see room to strong resistance at the 1.1740/65 area and the 1.1800 level. Meanwhile, support remains at the 1.1655 low of 30 April. Below here will delay bull extension and see room for consolidation back to support at the 1.1600/1.1575 congestion and May low.