Published: 2025-11-27T01:34:13.000Z
Chart EUR/USD Update: Extending bounce from 1.1500
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Extending bounce from the 1.1500 level to reach the 1.1600 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1728 | 17 Oct high | S1 | 1.1550 | * | congestion | ||
| 14 | 1.1700 | * | congestion | S2 | 1.1500 | * | congestion | |
| R2 | 1.1650 | ** | 25 Sep low, congestion | S3 | 1.1470 | ** | 5 Nov low | |
| R1 | 1.1600 | * | congestion | S4 | 1.1400 | ** | Jul, Aug lows |
Asterisk denotes strength of level
01:25 GMT - Extending bounce from the 1.1500 level to reach the 1.1600 level as daily and weekly studies unwind oversold readings. Break here will open up room for retest of strong resistance at 1.1650 where reaction is expected. A later clearance will turn focus higher to extend bounce from the 1.1500/1.1470 support and retrace losses from the September YTD high. Higher will see room to 1.1700/28 resistance. Meanwhile, support is raised to the 1.1550 congestion which should underpin and sustain bounce from the 1.1500/1.1470 lows.