Published: 2026-08-11T01:45:04.000Z
Chart EUR/USD Update: Retains bullish bias
1
Settled back from test of the 1.1575 resistance last week but bullish bias keeps pressure on the upside
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1685 | ** | 29 May high | S1 | 1.1500 | * | congestion | |
| R3 | 1.1655 | ** | 30 Apr low | S2 | 1.1482 | ** | 15 Jul high | |
| R2 | 1.1600 | * | congestion | S3 | 1.1450 | * | congestion | |
| R1 | 1.1575 | ** | Jan, May lows | S4 | 1.1410 | * | Mar low |
Asterisk denotes strength of level
01:40 GMT - Settled back from test of the 1.1575 resistance last week but bullish bias keeps pressure on the upside and see room to further extend gains from the 1.1355, July low. Daily studies are stretched but positive weekly studies suggest room to further gains to retrace the April/June losses. Above 1.1575 resistance will see room to the 1.1600 congestion. Higher still, will turn focus to the 1.1655/1.1685 area. Meanwhile, support at the 1.1500/1.1582 congestion and mid-July low is expected to underpin and sustain gains from the 1.1355/1.1325 lows.