Published: 2026-05-15T01:41:04.000Z
Chart EUR/USD Update: Extending losses
2
Under pressure as prices extend break of support at 1.1655 to further retrace the March/April gains
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1850 | ** | Apr high, congestion | S1 | 1.1640 | ** | 23 Mar high | |
| 14 | 1.1800 | ** | congestion | S2 | 1.1600 | * | congestion | |
| R2 | 1.1750 | * | congestion | S3 | 1.1550 | * | congestion | |
| R1 | 1.1700 | * | congestion | S4 | 1.1500 | ** | congestion |
Asterisk denotes strength of level
01:30 GMT - Under pressure as prices extend break of support at 1.1655 to further retrace the March/April gains. Lower see strong support at the 23 March high at 1.1640 but bearish momentum suggest this giving way under pressure. Lower will see room for extension to support at the 1.1600 level and 1.1550 congestion. Meanwhile, resistance is lowered to the 1.1700 level which is expected to cap. Regaining this will ease the downside pressure and revive upside focus and return focus to the 1.1800/1.1850 highs.