Published: 2026-06-03T07:45:15.000Z
Chart EUR/USD Update: Leaning lower in range
1
Consolidation beneath resistance at 1.1655 is giving way to a fresh drift lower
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1800 | ** | congestion | S1 | 1.1600 | ** | congestion | |
| R3 | 1.1750 | congestion | S2 | 1.1550 | * | congestion | ||
| R2 | 1.1700 | ** | congestion | S3 | 1.1500 | ** | congestion | |
| R1 | 1.1655 | ** | 30 Apr (w) low | S4 | 1.1450 | * | congestion |
*Asterisk denotes strength of level
08:40 BST - Consolidation beneath resistance at 1.1655 is giving way to a fresh drift lower, as intraday studies turn down, with prices approaching congestion support at 1.1600. Daily stochastics are also turning down and the daily Tension Indicator is coming under pressure, highlighting room for a test beneath here. Focus will then turn to further congestion around 1.1550. But mixed weekly charts should limit any initial tests in consolidation. Meanwhile, a test above 1.1655, if seen, should be limited in fresh consolidation beneath congestion around 1.1700.