Published: 2026-06-18T01:48:22.000Z
Chart EUR/USD Update: Consolidating losses from 1.1620 high
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Consolidation below the 1.1620 high has met with selling pressure through the 1.1500 support before stabilising at 1.1478 low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1620 | * | 15 Jun high | S1 | 1.1500 | * | 8 Jun low, congestion | |
| R3 | 1.1600 | * | congestion | S2 | 1.1450 | congestion | ||
| R2 | 1.1575 | ** | May low | S3 | 1.1410 | ** | 13 Mar YTD low | |
| R1 | 1.1550 | congestion | S4 | 1.1355 | * | 38.2% Jan 2025/Jan rally |
Asterisk denotes strength of level
01:40 GMT - Consolidation below the 1.1620 high has met with selling pressure through the 1.1500 support before stabilising at 1.1478 low. Bounce from the latter to consolidate above the 1.1500 level expected to give way to renewed selling pressure later to extend losses from the April high. Lower will see room to the 1.1450 congestion with potential for retest of the 1.1410, 13 March current year low. Meanwhile, resistance is lowered to the 1.1550/1.1575 congestion and May low which is expected to limit corrective bounce.