Published: 2026-09-03T01:59:05.000Z
Chart EUR/USD Update: Consolidating, but still heavy
1
Consolidating test of the 1.1575 support but pressure remains on the downside and further losses cannot be ruled out
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1740/65 | ** | 19, 6 Feb lows | S1 | 1.1575 | ** | May low | |
| R3 | 1.1700/10 | ** | congestion | S2 | 1.1550 | * | congestion | |
| R2 | 1.1655 | * | congestion, 30 Apr low | S3 | 1.1500 | * | congestion | |
| R1 | 1.1624 | 1 Sep high | S4 | 1.1482 | ** | 15 Jul high |
Asterisk denotes strength of level
01:50 GMT - Consolidating test of the 1.1575 support but pressure remains on the downside and further losses cannot be ruled out. Negative daily and weekly studies weighs and lower will see further retrace strong gains from 1.1355 late-July low to 1.1550 congestion. Below the latter, if seen, will see room to strong support at 1.1500/1.1482 area. Meanwhile, resistance is at the 1.1600/1.1624 area. Lift over this will ease the downside pressure and open up room to the 1.1655 congestion. Above the latter will return focus to the upside for retest of the 1.1700/10 congestion and August high.