Published: 2026-08-20T01:56:29.000Z
Chart EUR/USD Update: Extending bullish break
1
Consolidating at the 1.1575/1.1600 resistance has given way to sharp break higher to approach resistance at 1.1685/1.1700 area
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1800 | * | congestion | S1 | 1.1655 | * | 30 Apr low | |
| R3 | 1.1750/65 | ** | congestion, 6 Feb low | S2 | 1.1600 | * | congestion | |
| R2 | 1.1700 | * | congestion | S3 | 1.1575/50 | ** | May low, congestion | |
| R1 | 1.1685 | * | 29 May high | S4 | 1.1512/00 | ** | 13 Aug low, congestion |
Asterisk denotes strength of level
01:50 GMT - Consolidating at the 1.1575/1.1600 resistance has given way to sharp break higher to approach resistance at 1.1685/1.1700 area. Positive daily and weekly studies keep pressure on the upside and suggest scope to extend bullish gains from the 1.1355, July low. Above 1.1700 level will see room to strong resistance at the 1.1750/65 area and the 1.1800 level. Meanwhile, support is raised to the 1.1655 low of 30 April. Below here will delay bull extension and see room for consolidation back to support at the 1.1600/1.1575 congestion and May low.