Published: 2026-04-14T01:36:40.000Z
Chart EUR/USD Update: Extending gains
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Consolidation below the 1.1700 level has given way to bounce from support at the 1.1667/40 area to extend the March gains
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1900 | * | congestion | S1 | 1.1700 | * | congestion | |
| 14 | 1.1850 | * | congestion | S2 | 1.1640 | ** | 23 Mar high | |
| R2 | 1.1800 | ** | congestion | S3 | 1.1600 | * | congestion | |
| R1 | 1.1742/65 | ** | Feb low | S4 | 1.1550 | * | congestion |
Asterisk denotes strength of level
01:30 GMT - Consolidation below the 1.1700 level has given way to bounce from support at the 1.1667/40 area to extend gains from the 1.1410, March current year low. Pressure return to the 1.1742/65 resistance and break here will open up room for extension to the 1.1800 level. Overbought daily studies suggest reaction here possible but a later break will see room for further gains to 1.1850/1.1900 congestion area. Meanwhile, support is raised to the 1.1700 level which should underpin. Below here will expose strong support at the 1.1640/1.1600, 23 March high and congestion area.