Published: 2025-12-02T01:25:12.000Z
Chart EUR/USD Update: Consolidating test of 1.1650 resistance
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Saw rejection from resistance at the 1.1650 congestion as prices unwind overbought intraday studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1800/30 | ** | congestion, Jul high | S1 | 1.1550 | * | congestion | |
| 14 | 1.1728 | 17 Oct high | S2 | 1.1500 | * | congestion | ||
| R2 | 1.1700 | * | congestion | S3 | 1.1470 | ** | 5 Nov low | |
| R1 | 1.1650 | ** | 25 Sep low, congestion | S4 | 1.1400 | ** | Jul, Aug lows |
Asterisk denotes strength of level
01:15 GMT - Saw rejection from resistance at the 1.1650 congestion as prices unwind overbought intraday studies. Daily studies are stretched as well and suggest scope for break of the 1.1600 level to open up room for deeper corrective pullback to the 1.1550 support. Correction is expected to give way to renewed buying interest later for retest of the 1.1650 resistance. A later clearance, will extend bounce from the 1.1500/1.1470 support and retrace losses from the September current year high. Higher will see room to resistance at the 1.1700/28 area.