Chart EUR/USD Update: Consolidating - daily studies improving
Little change, as the test above congestion resistance at 1.1450 gives way to selling interest and fresh consolidation beneath here
| 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 the test above congestion resistance at 1.1450 gives way to selling interest and fresh consolidation beneath here. Daily readings continue to rise and oversold weekly stochastics are turning higher, suggesting room for further gains in the coming sessions. But a close above the 1.1473 weekly high of 2 July is needed to improve sentiment and extend late-June gains towards congestion around 1.1500. Meanwhile, support remains at congestion around 1.1400. A break beneath here, if seen, will add weight to sentiment and put focus on critical support within the 1.1325 - 1.1355 range.