Published: 2026-03-18T01:36:18.000Z
Chart EUR/USD Update: Extending bounce from 1.1410 low
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Consolidation above fresh year low at 1.1410 has given way to bounce to regain the 1.1500 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1700 | * | congestion | S1 | 1.1500 | * | congestion | |
| 14 | 1.1667 | ** | 10 Mar high | S2 | 1.1410 | ** | 13 Mar YTD low | |
| R2 | 1.1600 | * | congestion | S3 | 1.1355 | * | 38.2% 2025/Jan rally | |
| R1 | 1.1578 | * | Jan low | S4 | 1.1275/00 | ** | 2023/2024 year highs |
Asterisk denotes strength of level
01:30 GMT - Consolidation above fresh year low at 1.1410 has given way to bounce to regain the 1.1500 level. Subsequent break above the h the 1.1530 resistance opens up room for stronger bounce to the retest the January low at 1.1578 and the 1.1600 level. Clearance here, if seen, will expose strong resistance at the 1.1667 high which is expected to cap. Meanwhile, support is raised to the 1.1500 congestion. Below this will expose the 1.1410 low to retest and see room to extend losses from the 1.2083 January current year high to 1.1355, 38.2% Fibonacci level.