Published: 2026-04-10T01:36:33.000Z
Chart EUR/USD Update: Consolidating, room for higher later
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Pressure remains on the upside but gains still limited above the 1.1700 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1850 | * | congestion | S1 | 1.1650/40 | * | congestion, 23 Mar high | |
| 14 | 1.1800 | ** | congestion | S2 | 1.1600 | * | congestion | |
| R2 | 1.1742/65 | ** | Feb lows | S3 | 1.1550 | * | congestion | |
| R1 | 1.1700 | * | congestion | S4 | 1.1500 | ** | congestion |
Asterisk denotes strength of level
01:35 GMT - Pressure remains on the upside but gains still limited above the 1.1700 level as prices consolidate strong gains from the 1.1505, Monday's low. However, positive daily and weekly studies highlight scope for further gains ahead to retrace losses from the January high. Clearance will see room to strong resistance at 1.1742/65 February lows and the 1.1800 level. Meanwhile, support is raised to the 1.1640 high of 23 March and extending to the 1.1600 level which should underpin and sustain gains from the 1.1410, 13 March current year low.