Published: 2026-04-13T01:43:59.000Z
Chart EUR/USD Update: Settled back in consolidation below 1.1700
1
Gapped down at the open see prices settling back in consolidation following test of strong resistance at the 1.1742/65 February lows
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1850 | * | congestion | S1 | 1.1650/40 | * | congestion, 23 Mar high | |
| 14 | 1.1800 | ** | congestion | S2 | 1.1600 | * | congestion | |
| R2 | 1.1742/65 | ** | Feb lows | S3 | 1.1550 | * | congestion | |
| R1 | 1.1700 | * | congestion | S4 | 1.1500 | ** | congestion |
Asterisk denotes strength of level
01:35 GMT - Gapped down at the open see prices settling back in consolidation below the 1.1700 level following test of strong resistance at the 1.1742/65 February lows. Daily studies are overbought and see room for pullback to support at the 1.1650/40 congestion and 23 March high. Break here will see room for deeper pullback to support at the 1.1600/1.1550 congestion area. Meanwhile, resistance at the 1.1700 level now expected to cap. Regaining this will revive the upside focus and expose the 1.1742/1.1765 resistance to retest and see room for extension to the 1.1800 level.