Published: 2026-06-01T07:38:47.000Z
Chart EUR/USD Update: Consolidating - daily studies rising
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Cautious trade has given way to a spike to 1.1685
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1800 | ** | congestion | S1 | 1.1600 | ** | congestion | |
| R3 | 1.1750 | congestion | S2 | 1.1550 | * | congestion | ||
| R2 | 1.1700 | ** | congestion | S3 | 1.1500 | ** | congestion | |
| R1 | 1.1655 | ** | 30 Apr (w) low | S4 | 1.1450 | * | congestion |
*Asterisk denotes strength of level
08:25 BST - Cautious trade has given way to a spike to 1.1685, before falling back to 1.1655 as overbought intraday studies unwind. Daily readings rising and bearish weekly stochastics are flattening, suggesting room for a fresh test above here towards congestion around 1.1700. But the bearish weekly Tension Indicator and negative longer-term charts should limit any further gains in consolidation beneath further congestion around 1.1750. Meanwhile, support remains at congestion around 1.1600. A close beneath here, not yet seen, will add weight to sentiment and extend mid-April losses initially towards further congestion around 1.1550.