Published: 2026-06-09T08:07:55.000Z
Chart EUR/USD Update: Gains to remain limited
1
Consolidation following the fall to congestion support at 1.1500 is giving way to a bounce
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1700 | ** | congestion | S1 | 1.1500 | ** | congestion | |
| R3 | 1.1655 | ** | 30 Apr (w) low | S2 | 1.1450 | * | congestion | |
| R2 | 1.1600 | ** | congestion | S3 | 1.1400/10 | ** | congestion; 13 Mar YTD low | |
| R1 | 1.1550 | * | congestion | S4 | 1.1355 | ** | 38.2% ret of 2025-2026 rally |
*Asterisk denotes strength of level
08:30 BST - Consolidation following the fall to congestion support at 1.1500 is giving way to a bounce, with prices currently pressuring congestion resistance at 1.1550. Rising intraday studies highlight room for a test above here. But negative daily readings and deteriorating weekly charts should limit any break in renewed selling interest beneath further congestion around 1.1600. Following cautious/corrective trade, fresh losses are looked for. A later close below 1.1500 will add weight to sentiment and extend mid-April losses towards further congestion around 1.1450.