Published: 2026-07-30T01:57:32.000Z
Chart EUR/USD Update: Sharp bounce from 1.1355 support
1
Sharply higher as prices extend bounce from support at the 1.1355 Fibonacci level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1600 | ** | congestion | S1 | 1.1450 | * | congestion | |
| R3 | 1.1575 | * | May low | S2 | 1.1410/00 | ** | Mar low, congestion | |
| R2 | 1.1500 | ** | 8 Jun low | S3 | 1.1355 | * | 38.2% 2025/2026 rally | |
| R1 | 1.1482 | * | 15 Jul high | S4 | 1.1325 | ** | 24 Jun YTD low |
Asterisk denotes strength of level
01:50 GMT - Sharply higher as prices extend bounce from support at the 1.1355 Fibonacci level. Follow-through above 1.1410/1.1450 resistance expose the mid-July high at 1.1482 to retest. Break here will confirm a bottom pattern in place at the 1.1355/25 lows and turn focus higher to retrace losses from the 1.1850 high of April. Higher will see room to strong resistance at 1.1500 and the 1.1575/1.1600 area. Meanwhile, support is raised to the 1.1450 which extend to the 1.1410/00 area which is expected to underpin and limit corrective pullback.