Published: 2026-06-17T01:49:13.000Z
Chart EUR/USD Update: Scope to extend gains
1
Break above the 1.1600 level see the 1.1620 high within reach
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1750 | * | congestion | S1 | 1.1575 | * | May low | |
| R3 | 1.1685 | * | 29 May high | S2 | 1.1550 | congestion | ||
| R2 | 1.1655 | ** | 30 Apr low | S3 | 1.1500 | ** | 8 Jun low, congestion | |
| R1 | 1.1620 | * | 15 Jun high | S4 | 1.1450 | * | congestion |
Asterisk denotes strength of level
01:40 GMT - Break above the 1.1600 level see the 1.1620 high within reach. Clearance will see room to extend gains from the 1.1500 low of last week to retrace losses from the 1.1850 April high and see room for extension to strong resistance at 1.1655/1.1685 area then 1.1700 level. Meanwhile, support is raised to the 1.1575/1.1550, May low and congestion area, which should underpin. Would take break here to expose support at the 1.1500 low to retest.