Published: 2026-03-05T01:47:05.000Z
Chart EUR/USD Update: Consolidating above 1.1600
1
Range-bound within the wide Tuesday's range following bounce from the 1.1530 low to regain the 1.1600 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1800/30 | ** | congestion, Jul high | S1 | 1.1600 | * | congestion | |
| 14 | 1.1765 | * | 6 Feb low, congestion | S2 | 1.1578 | * | 19 Jan low | |
| R2 | 1.1700 | * | congestion | S3 | 1.1530 | ** | 3 Mar YTD low | |
| R1 | 1.1650 | congestion | S4 | 1.1500 | * | congestion |
Asterisk denotes strength of level
01:40 GMT - Range-bound within the wide Tuesday's range following bounce from the 1.1530 low to regain the 1.1600 level. Bounce see prices unwinding oversold intraday studies following sharp losses through the 1.1765 support. However, negative daily and weekly charts keeps pressure on the downside and below the 1.1600 level and 1.1530 low will see room to the 1.1500 level. Meanwhile, resistance is lowered to the 1.1650/1.1700 congestion area, which is expected to cap. Only above here will see room for retest strong resistance at 1.1765 and 1.1800/30.