Published: 2025-12-11T01:47:45.000Z
Chart EUR/USD Update: Extending gains
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Consolidation below the 1.1682 high of last week has given way to break to extend gains from the 1.1470/1.1500 November lows
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1918 | ** | 17 Sep YTD high | S1 | 1.1615/00 | * | 9 Dec low, congestion | |
| 14 | 1.1800/30 | ** | congestion, Jul high | S2 | 1.1550 | * | congestion | |
| R2 | 1.1728 | 17 Oct high | S3 | 1.1500 | * | congestion | ||
| R1 | 1.1700 | * | congestion | S4 | 1.1470 | ** | 5 Nov low |
Asterisk denotes strength of level
01:30 GMT - Consolidation below the 1.1682 high of last week has given way to break to extend gains from the 1.1470/1.1500 November lows. Positive daily and weekly studies suggest scope for break of the 1.1700 level and 1.1728 resistance which will turn focus to the strong resistance at the 1.1800/30, congestion and July high. Meanwhile, support is raised to the 1.1650 congestion and this extend to the 1.1615/00 corrective low and congestion area. This should now underpin and sustain bullish gains from the November lows.