Published: 2025-10-06T01:53:43.000Z
Chart EUR/USD Update: Extend consolidation above 1.1700 level
2
Open lower at the start of the week, but prices remains in consolidation above the 1.1700 level
| 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
01:40 GMT - Open lower at the start of the week, but prices remains in consolidation above the 1.1700 level. Would take break here and the 1.1683 low of last week to expose the 1.1645 support to retest and further extend losses from the 1.1918, 17 September current year high, to further retrace the August/September rally. Meanwhile, resistance at the 1.1800/30 area is expected to cap. Would take break here to return focus to upside for retest 1.1918 high and extend gains from the September 2022 year low.