Chart EUR/USD Update: Balanced above critical support - studies under pressure
Anticipated losses are giving way to cautious trade above critical support at congestion around 1.1400 and the 1.1410 current year low of 13 March
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1600 | ** | congestion | S1 | 1.1400/10 | ** | congestion; 13 Mar YTD low | |
| R3 | 1.1550 | * | congestion | S2 | 1.1355 | ** | 38.2% ret of 2025-2026 rally | |
| R2 | 1.1500 | ** | congestion | S3 | 1.1300 | ** | congestion | |
| R1 | 1.1450 | * | congestion | S4 | 1.1200 | ** | congestion |
*Asterisk denotes strength of level
08:35 BST - Anticipated losses are giving way to cautious trade above critical support at congestion around 1.1400 and the 1.1410 current year low of 13 March, as intraday studies turn mixed. Daily readings continue to track lower and broader weekly charts are also under pressure, highlighting room for renewed selling pressure in the coming sessions. A close beneath 1.1400/10 will add weight to sentiment and extend January losses initially to the 1.1355 Fibonacci retracement. Meanwhile, resistance is lowered to congestion around 1.1450. A close above here, if seen, will help to stabilise price action and prompt consolidation beneath further congestion around 1.1500.