Published: 2026-06-02T02:00:07.000Z
Chart EUR/USD Update: Settled back from test of 1.1655/80 resistance
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Consolidation from the 1.1575 May low has seen bounce attempt capped at 1.1655/80 resistance and 200-day MA
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1750/65 | * | congestion, 6 Feb low | S1 | 1.1600 | * | congestion | |
| 14 | 1.1700 | * | congestion | S2 | 1.1575 | ** | May low | |
| R2 | 1.1680 | * | 200-day MA | S3 | 1.1550/00 | ** | congestion | |
| R1 | 1.1655 | ** | 30 Apr low | S4 | 1.1450 | congestion |
Asterisk denotes strength of level
01:50 GMT - Consolidation from the 1.1575 May low has seen bounce attempt capped at 1.1655/80 resistance and 200-day MA. Would need to clear these and the channel resistance from the January high to revive upside focus for retest of strong resistance of the 1.1800 level and 1.1850 high of April. Meanwhile, support remains at the 1.1600/1.1575 congestion and May low. Break here will open up room for deeper pullback to the strong support at the 1.1550/00 congestion. Below here will expose the 1.1410 March YTD low to retest.