Published: 2026-06-03T01:13:03.000Z
Chart EUR/USD Update: Leaning lower in consolidation
-
Leaning lower in consolidation following rejection from resistance at the 1.1655/80, 30 April low and 200-day MA
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1750/65 | * | congestion, 6 Feb low | S1 | 1.1600 | * | congestion | |
| 14 | 1.1700 | * | congestion | S2 | 1.1575 | ** | May low | |
| R2 | 1.1680 | * | 200-day MA | S3 | 1.1550/00 | ** | congestion | |
| R1 | 1.1655 | ** | 30 Apr low | S4 | 1.1450 | congestion |
Asterisk denotes strength of level
01:10 GMT - Leaning lower in consolidation following rejection from resistance at the 1.1655/80, 30 April low and 200-day MA. Pullback see support at the 1.1600 congestion then the 1.1575 May low. Break here will further retrace the March/April rally and open up room to strong support at the 1.1550/00 congestion. Below here will expose the 1.1410 March YTD low to retest. Meanwhile, resistance at 1.1655/80 expected to cap. Would take break here to open up room for stronger gains to the 1.1700/20 congestion and channel resistance from the January high.