Published: 2026-07-07T07:45:38.000Z
Chart EUR/USD Update: Range trade
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Little change, as prices extend cautious trade within the 1.1400 - 1.1450 range
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1550 | * | congestion | S1 | 1.1400 | * | congestion | |
| R3 | 1.1500 | ** | congestion | S2 | 1.1355 | ** | 38.2% ret of 2025-2026 rally | |
| R2 | 1.1473 | * | 2 Jul (w) high | S3 | 1.1325 | ** | 24 Jun YTD low | |
| R1 | 1.1450 | * | congestion | S4 | 1.1300 | ** | congestion |
*Asterisk denotes strength of level
08:35 BST - Little change, as prices extend cautious trade within the 1.1400 - 1.1450 range. Intraday studies are under pressure, highlighting room for a drift lower from congestion resistance at 1.1450. But rising daily readings should limit scope in renewed consolidation above congestion support at 1.1400. Meanwhile, resistance remains at 1.1450 and extends to the 1.1473 weekly high of 2 July. A close above here would help to improve sentiment and extend late-June gains towards congestion around 1.1500. However. mixed weekly charts should limit any further gains in consolidation beneath 1.1550.