Published: 2026-09-16T01:28:33.000Z
Chart EUR/USD Update: Under pressure
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Steadied at the 1.1523 low as prices consolidate losses from the 1.1655 high of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1710 | ** | Aug 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 | 1.1565/75 | * | 2 Sep low, congestion | S4 | 1.1410 | ** | Mar low |
Asterisk denotes strength of level
01:25 GMT - Steadied at the 1.1523 low as prices consolidate losses from the 1.1655 high of last week. However, negative intraday and daily studies keep pressure on the downside and see scope for break to open room for further losses to retrace gains from the 1.1325 June low. Lower will see extension to the 1.1500 level and strong support at 1.1482, 15 July high. Meanwhile, resistance at the 1.1575/1.1600 congestion area is expected to cap. Regaining this needed to ease the downside pressure and see room for consolidation to retest the 1.1655 swing high.