Published: 2026-04-14T07:50:09.000Z
Chart EUR/USD Update: Extending gains
1
Buying interest is extending
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1900 | * | congestion | S1 | 1.1700 | ** | congestion | |
| R3 | 1.1850 | break level | S2 | 1.1640 | ** | 23 Mar (w) high | ||
| R2 | 1.1825 | ** | 61.8% ret of Jan-Mar fall | S3 | 1.1600 | ** | congestion | |
| R1 | 1.1800 | ** | congestion | S4 | 1.1550 | * | congestion |
*Asterisk denotes strength of level
08:40 BST - Buying interest is extending, with prices currently pressuring congestion resistance at 1.1800. Just beyond here is the 1.1825 Fibonacci retracement. Flat overbought daily stochastics could limit any Initial tests of this range in consolidation, before the rising daily Tension Indicator and improving weekly charts prompt further gains. A close above 1.1825 would further improve sentiment and extend mid-March gains towards congestion around 1.1900. Meanwhile, support is down to congestion around 1.1700 and should remain intact into any immediate setbacks.