Published: 2025-11-18T01:34:25.000Z
Chart EUR/USD Update: Leaning lower from the 1.1650 resistance
1
Settling back in range from the 1.1650 congestion area and break of the 1.1600 level see room for deeper pullback to 1.1550/42 area
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1800/30 | ** | congestion, Jul high | S1 | 1.1542 | * | 9, 14 Oct lows | |
| 14 | 1.1730 | * | 6 Oct high | S2 | 1.1500 | * | congestion | |
| R2 | 1.1700 | * | congestion | S3 | 1.1470 | ** | 5 Nov low | |
| R1 | 1.1650 | * | congestion | S4 | 1.1400 | ** | Jul, Aug lows |
Asterisk denotes strength of level
01:25 GMT - Settling back in range from the 1.1650 congestion area and break of the 1.1600 level see room for deeper pullback to retrace gains from the 1.1470 low. Daily studies are unwinding overbought readings and lower will see room to support at the 1.1550/42 area which is expected to underpin and give way to renewed buying interest later. Meanwhile, resistance is at the 1.1650 congestion. Would take break here to open up room for stronger gains to retrace losses from the 1.1918, September current year high.