Published: 2026-04-28T07:43:56.000Z
Chart EUR/USD Update: Under pressure
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Cautious trade has been pushed back from 1.1760
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1850 | break level | S1 | 1.1700 | ** | congestion | ||
| R3 | 1.1825 | ** | 61.8% ret of Jan-Mar fall | S2 | 1.1670 | ** | 23 Apr (w) low | |
| R2 | 1.1800 | ** | congestion | S3 | 1.1640 | ** | 23 Mar (w) high | |
| R1 | 1.1760 | break level | S4 | 1.1600 | ** | congestion |
*Asterisk denotes strength of level
08:35 BST - Cautious trade has been pushed back from 1.1760, as overbought intraday studies unwind, with prices currently pressuring congestion support at 1.1700. Daily stochastics continue to fall and the daily Tension Indicator is also under pressure, highlighting room for further losses. But a close below the 1.1670 weekly low of 23 April is needed to turn sentiment negative and extend mid-April losses towards the 1.1640 weekly high of 23 March. Meanwhile, resistance remains up to 1.1760, and should continue to cap any immediate tests higher.