Published: 2026-09-09T07:50:19.000Z
Chart EUR/USD Update: Limited tests higher
-
Cautious trade is giving way to a push higher
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1750 | * | congestion | S1 | 1.1600 | * | congestion | |
| R3 | 1.1725 | ** | 76.4% ret of Apr-Jun fall | S2 | 1.1565 | * | 38.2% ret of Jun-Aug rally | |
| R2 | 1.1700/10 | * | congestion; 21 Aug (m) high | S3 | 1.1550 | * | congestion | |
| R1 | 1.1650 | recent range lows | S4 | 1.1515 | * | 50% ret of Jun-Aug rally |
*Asterisk denotes strength of level
08:35 BST - Cautious trade is giving way to a push higher, with prices approaching resistance at the 1.1650 range lows. Intraday studies are rising and oversold daily stochastics are unwinding, highlighting room for a break. But the flat daily Tension Indicator and mixed weekly charts should limit scope in renewed selling interest/consolidation beneath strong resistance at 1.1700/10 and the 1.1725 Fibonacci retracement.
Meanwhile, support remains at congestion around 1.1600, and should underpin any immediate setbacks. A close beneath here would add weight to sentiment and open up stronger support at the 1.1565 Fibonacci retracement.