Published: 2026-06-29T01:54:07.000Z
Chart EUR/USD Update: Higher in consolidation
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Higher in consolidation above 1.1355 Fibonacci level as prices unwind oversold daily studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1550/75 | ** | congestion, May low | S1 | 1.1355 | * | 38.2% 2025/2026 rally | |
| R3 | 1.1500 | ** | 8 Jun low | S2 | 1.1325 | ** | 24 Jun YTD low | |
| R2 | 1.1450 | * | congestion | S3 | 1.1275 | * | 2023 year high | |
| R1 | 1.1400/10 | ** | congestion, Mar low | S4 | 1.1210/00 | ** | congestion, 2024 yr high |
Asterisk denotes strength of level
01:45 GMT - Higher in consolidation above 1.1355 Fibonacci level as prices unwind oversold daily studies following sharp losses from above 1.1600 min-June high. Bounce turn focus to the 1.1400/10 resistance and break here see room for stronger gains to resistance at the 1.1450 congestion then the 1.1500 level, which is expected to cap. Above here 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 to see room for retest of the 1.1325 low and extend the January 2026 losses.