Published: 2026-09-08T01:42:43.000Z
Chart EUR/USD Update: Higher in consolidation
1
Edging higher from the 1.1575 support as prices consolidate losses from the 1.1710 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1800 | * | congestion | S1 | 1.1575 | ** | May low | |
| R3 | 1.1740/65 | ** | 19, 6 Feb lows | S2 | 1.1550 | * | congestion | |
| R2 | 1.1700/10 | ** | congestion | S3 | 1.1500 | * | congestion | |
| R1 | 1.1655 | * | congestion, 30 Apr low | S4 | 1.1482 | ** | 15 Jul high |
Asterisk denotes strength of level
01:40 GMT - Edging higher from the 1.1575 support as prices consolidate losses from the 1.1710 high. Daily studies have turned up from oversold areas and see room to resistance at 1.1655. Would take break here to revive the upside focus and return focus to resistance at the 1.1700/10 area. Clearance, will extend the broader June gains and see scope for extension to strong resistance at 1.1740/65 area and the 1.1800 level. Meanwhile, support remains at the 1.1575/50 congestion area. Only below here will open up room for deeper pullback towards strong support at the 1.1500/1.1482 area.