Published: 2026-06-16T01:41:11.000Z
Chart EUR/USD Update: Consolidating, room for higher later
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No follow-through on break above the 1.1600 level as prices settled back in consolidation from 1.1620 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1750 | * | congestion | S1 | 1.1550 | congestion | ||
| R3 | 1.1685 | * | 29 May high | S2 | 1.1500 | ** | 8 Jun low, congestion | |
| R2 | 1.1655 | ** | 30 Apr low | S3 | 1.1450 | * | congestion | |
| R1 | 1.1600 | ** | congestion | S4 | 1.1410 | ** | 13 May YTD low |
Asterisk denotes strength of level
01:35 GMT - No follow-through on break above the 1.1600 level as prices settled back in consolidation from 1.1620 high. However, pressure remains on the upside and see room to extend gains from the 1.1500 low last week to retrace losses from the 1.1850 April high. Clearance will turn focus to strong resistance at 1.1655/1.1685, the late-April low and high of 29 May. Meanwhile, support remains at the 1.1550/1.1500 congestion and 8 June low which should underpin. Would take break here to expose support at the 1.1450 congestion and the 1.1410 March YTD low to retest.