Published: 2026-05-20T01:22:14.000Z
Chart EUR/USD Update: Under pressure
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Consolidation has given way to fresh selling pressure to weigh on the support at the 1.1600 congestion
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1800 | ** | congestion | S1 | 1.1600 | * | congestion | |
| 14 | 1.1750 | * | congestion | S2 | 1.1575/50 | * | congestion | |
| R2 | 1.1700 | * | congestion | S3 | 1.1500 | ** | congestion | |
| R1 | 1.1655 | ** | 30 Apr low | S4 | 1.1450 | congestion |
Asterisk denotes strength of level
01:15 GMT - Consolidation has given way to fresh selling pressure to weigh on the support at the 1.1600 congestion. Intraday and daily studies are stretched but pressure remains on the downside and see room to the 1.1575/50 congestion area. Lower will see room for extension to the 1.1500 congestion. Meanwhile, resistance is at the 1.1655 low of 30 April and extending to the 1.1700 level which is expected to cap. Would need to regain this to revive upside focus and clear the way for retest of resistance at the 1.1750/1.1800 congestion area.