Published: 2026-08-06T01:37:39.000Z
Chart EUR/USD Update: Edging higher
1
Turned higher in consolidation from the 1.1500 support to pressure the 1.1559 high
| 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
01:30 GMT - Turned higher in consolidation from the 1.1500 support to pressure the 1.1559 high. Daily studies have turned higher and suggest scope for break here to open up room for stronger gains to retrace April/June losses to strong resistance at the 1.1575 May low and the 1.1600 congestion. Higher still, will turn focus to the 1.1655/1.1685 area. Meanwhile, support at the 1.1500 level and extending to 1.1482 mid-July high should underpin. Break here, will fade the upside pressure and see room for deeper pullback to 1.1450/10 congestion and March low.