Published: 2026-06-08T01:50:32.000Z
Chart EUR/USD Update: Consolidating above 1.1500, room for lower later
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Weak opening has seen losses to 1.1505 low before turning up to consolidate sharp losses last week from the 1.1655/85 resistance
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1678/85 | * | 200-day MA, 29 May high | S1 | 1.1500 | ** | congestion | |
| 14 | 1.1655 | ** | 30 Apr low | S2 | 1.1450 | * | congestion | |
| R2 | 1.1600 | congestion | S3 | 1.1410 | ** | 13 Mar YTD low | ||
| R1 | 1.1550/75 | ** | congestion, 21 May low | S4 | 1.1355 | * | 38.2% 2025/Jan rally |
Asterisk denotes strength of level
01:45 GMT - Weak opening has seen losses to 1.1505 low before turning up to consolidate sharp losses last week from the 1.1655/85 resistance. This is expected to give way to renewed selling pressure later, below the 1.1500 level will see scope to support at the 1.1450 congestion then the 1.1410, March current year low. Below this will see room for extension to target 1.1355, 38.2% Fibonacci level. Meanwhile, resistance is lowered to the 1.1550/75 area which is expected to cap and sustain the broader losses from the 1.1850 April high.