Published: 2026-06-30T01:51:52.000Z
Chart EUR/USD Update: Consolidating, room for higher
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Consolidating at the 1.1400/10 resistance following bounce from the 1.1325 low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1550/75 | ** | congestion, May low | S1 | 1.1355 | * | 38.2% 2025/2026 rally | |
| R3 | 1.1550/75 | ** | congestion, May low | S2 | 1.1325 | ** | 24 Jun YTD low | |
| R2 | 1.1500 | ** | 8 Jun low | S3 | 1.1275 | * | 2023 year high | |
| R1 | 1.1450 | * | congestion | S4 | 1.1210/00 | ** | congestion, 2024 yr high |
Asterisk denotes strength of level
01:45 GMT - Consolidating at the 1.1400/10 resistance following bounce from the 1.1325 low. Daily studies are unwinding oversold readings and suggest scope for stronger bounce to resistance at the 1.1450 congestion then the 1.1500 level and low of 8 June, which is expected to cap. Above the latter will fade the downside pressure and open up room for stronger recovery to retrace losses from April swing high. Meanwhile, support at 1.1355 Fibonacci level now underpin. Would take break here and the 1.1325 low to extend the January losses.