Published: 2026-09-07T01:20:15.000Z
Chart EUR/USD Update: Consolidating above 1.1575 support
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Edged up from test of the 1.1575 support as prices consolidate losses from the 1.1710 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1800 | * | congestion | S1 | 1.1575 | ** | May low | |
| R3 | 1.1740/65 | ** | 19, 6 Feb lows | S2 | 1.1550 | * | congestion | |
| R2 | 1.1700/10 | ** | congestion | S3 | 1.1500 | * | congestion | |
| R1 | 1.1655 | * | congestion, 30 Apr low | S4 | 1.1482 | ** | 15 Jul high |
Asterisk denotes strength of level
01:15 GMT - Edged up from test of the 1.1575 support as prices consolidate losses from the 1.1710 high. Daily studies have turned up from oversold areas and see room to resistance at 1.1655. Break here will revive the upside focus and return focus to resistance at the 1.1700/10 area. Clearance here will extend the June gains and open up room for extension to strong resistance at 1.1740/65 area and the 1.1800 congestion. Meanwhile, support remains at the 1.1575/50 congestion area. Only below here will open up room for deeper pullback to retrace gains from the 1.1355/25 lows.