Published: 2026-07-01T01:53:35.000Z
Chart EUR/USD Update: Consolidating, room for higher later
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No follow-through on break above the 1.1400/10 resistance with gains checked at the 1.1436 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1550/75 | ** | congestion, May low | S1 | 1.1355 | * | 38.2% 2025/2026 rally | |
| R3 | 1.1550/75 | ** | congestion, May low | S2 | 1.1325 | ** | 24 Jun YTD low | |
| R2 | 1.1500 | ** | 8 Jun low | S3 | 1.1275 | * | 2023 year high | |
| R1 | 1.1450 | * | congestion | S4 | 1.1210/00 | ** | congestion, 2024 yr high |
Asterisk denotes strength of level
01:50 GMT - No follow-through on break above the 1.1400/10 resistance with gains checked at the 1.1436 high. Daily studies are unwinding oversold readings and suggest consolidation to give way to stronger bounce to the 1.1450 congestion then the strong resistance at the 1.1500 level which is expected to cap. Would take break above the latter to fade the downside pressure and open up room for stronger recovery to retrace losses from April swing high. Meanwhile, support at 1.1355/25 Fibonacci level and current year low expected to underpin.