Chart EUR/USD Update: Consolidating - gains to remain limited
Little change, as prices extend cautious trade within the 1.1500 - 1.1550 range
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1700 | break level | S1 | 1.1500 | ** | congestion | ||
| R3 | 1.1665~ | * | 10 Mar (w) high | S2 | 1.1400/10 | * | cong; 13 Mar YTD low | |
| R2 | 1.1600 | ** | congestion | S3 | 1.1355 | ** | 38.2% ret of 2025-2026 rally | |
| R1 | 1.1550 | * | congestion | S4 | 1.1300 | * | congestion |
*Asterisk denotes strength of level
08:35 GMT - Little change, as prices extend cautious trade within the 1.1500 - 1.1550 range. Daily stochastics and the daily Tension Indicator are rising, suggesting room for a test of congestion resistance at 1.1550. But bearish weekly and longer-term charts should limit any break above here in renewed selling interest beneath further congestion around 1.1600. Following cautious/corrective trade, fresh losses are looked for. A later break below congestion support at 1.1500 will add weight to sentiment. But a further close below 1.1400/10 will turn sentiment negative and extend late-January losses towards the 1.1355 Fibonacci retracement. Still lower is congestion around 1.1300.