Published: 2026-05-08T01:27:35.000Z
Chart EUR/USD Update: Extend choppy trade below 1.1800
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Still limited above resistance at the 1.1750 congestion as prices extend choppy trade below the 1.1800 resistance
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1900/28 | ** | congestion, 10 Feb high | S1 | 1.1700 | * | congestion | |
| 14 | 1.1850 | ** | Apr high, congestion | S2 | 1.1675 | * | 200-day MA | |
| R2 | 1.1800 | ** | congestion | S3 | 1.1655 | ** | 30 Apr low | |
| R1 | 1.1750 | * | congestion | S4 | 1.1640 | ** | 23 Mar high |
Asterisk denotes strength of level
01:25 GMT - Still limited above resistance at the 1.1750 congestion as prices extend choppy trade below the 1.1800 resistance. However, this is expected to give way to renewed strength later and see scope for break to open up the April high at 1.1850 to retest. Clearance here will see room for stronger gains to retrace the January/March losses and see extension to strong resistance at 1.1900/28 congestion and 10 February high. Meanwhile, support is raised to the 1.1700 level which should underpin and sustain gains from support at the 1.1675/1.1655, 200-day MA and 30 April low.