Published: 2025-10-03T01:17:36.000Z
Chart EUR/USD Update: Risk deeper pullback while 1.1800/30 caps
0
-
Remains in consolidation below the 1.1800 level following bounce from the 1.1645 low last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.2000 | ** | psychological | S1 | 1.1700 | congestion | ||
| 14 | 1.1918 | ** | 17 Sep YTD high | S2 | 1.1645 | * | 25 Sep low | |
| R2 | 1.1830 | ** | Jul high | S3 | 1.1600 | ** | congestion | |
| R1 | 1.1800 | * | congestion | S4 | 1.1570 | * | congestion |
Asterisk denotes strength of level
01:10 GMT - Remains in consolidation below the 1.1800 level following bounce from the 1.1645 low last week. While resistance at the 1.1800/30 area caps, scope is seen for retest the 1.1645 low and further extend losses from the 1.1918, 17 September current year high to see deeper corrective pullback to retrace the August/September rally. Lower will see room to strong support at the 1.1600/1.1570 area and 1.1500 congestion. Would take break of the 1.1800/30 area to return focus to upside for retest 1.1918 high and extend gains from the September 2022 year low.