Published: 2026-05-21T01:38:53.000Z
Chart EUR/USD Update: Back in consolidation above 1.1600
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Limited on break of the 1.1600 level as prices turned up from above the 1.1575/50 support
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1800 | ** | congestion | S1 | 1.1600 | * | congestion | |
| 14 | 1.1750 | * | congestion | S2 | 1.1575/50 | * | congestion | |
| R2 | 1.1700 | * | congestion | S3 | 1.1500 | ** | congestion | |
| R1 | 1.1655 | ** | 30 Apr low | S4 | 1.1450 | congestion |
Asterisk denotes strength of level
01:30 GMT - Limited on break of the 1.1600 level as prices turned up from above the 1.1575/50 support to consolidate recent losses from the 1.1800 high. Consolidation see resistance starting at the 1.1655 low of 30 April and extending to the 1.1700 level which is expected to cap. Would need to regain this to revive upside focus and clear the way for retest of resistance at the 1.1750/1.1800 congestion area. Meanwhile, support remains at the 1.1600 level and see break here needed to open up room for deeper pullback to 1.1575/50 area and 1.1500 support.