Published: 2026-07-31T01:58:30.000Z
Chart EUR/USD Update: Consolidating, room for higher later
1
Settled back from the 1.1537 high and January channel resistance as prices consolidate strong gains from the 1.1355 low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1655 | ** | 30 Apr low | S1 | 1.1500 | * | congestion | |
| R3 | 1.1600 | * | congestion | S2 | 1.1482 | ** | 15 Jul high | |
| R2 | 1.1575 | ** | May low | S3 | 1.1450 | * | congestion | |
| R1 | 1.1537 | 30 Jul high | S4 | 1.1410 | * | Mar low |
Asterisk denotes strength of level
01:50 GMT - Settled back from the 1.1537 high and January channel resistance as prices consolidate strong gains from the 1.1355 low. Positive daily and weekly studies suggest scope for further gains later to further retrace losses from the April high. Clearance will see room towards strong resistance at 1.1575 and the 1.1600 congestion. Meanhile, support is raised to the 1.1500 congestion which extend to the 1.1482 mid-July high. This area should underpin and sustain bullish gains from the 1.1355 support.