Published: 2026-08-28T01:34:31.000Z
Chart EUR/USD Update: Room for deeper pullback
1
Limited on break of the 1.1655/50 area but pressure remains on the downside as daily studies unwind overbought readings
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1850 | ** | Apr high | S1 | 1.1655 | * | 30 Apr low | |
| R3 | 1.1800 | * | congestion | S2 | 1.1600 | * | congestion | |
| R2 | 1.1740/65 | ** | 19, 6 Feb lows | S3 | 1.1575/50 | ** | May low, congestion | |
| R1 | 1.1700 | * | congestion | S4 | 1.1512/00 | ** | 13 Aug low, congestion |
Asterisk denotes strength of level
01:30 GMT - Limited on break of the 1.1655/50 area but pressure remains on the downside as daily studies unwind overbought readings and threatens deeper pullback to correct recent strong gains from 1.1355 late-July low. Lower will see room to strong support at the 1.1600/1.1575 area which should underpin and give way to renewed buying interest later. Meanwhile, resistance remains at the 1.1700 level congestion. Close above here will see room to extend the June gains and see room towards strong resistance at the 1.1740/65 area and the 1.1800 level.