Published: 2026-10-23T01:47:29.000Z
Chart EUR/USD Update: Consolidating below 1.1275 resistance
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Little change, as prices extend consolidation below the 1.1275 resistance
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1410 | ** | Mar low | S1 | 1.1200 | * | congestion | |
| R3 | 1.1350 | * | congestion | S2 | 1.1150 | * | congestion | |
| R2 | 1.1325 | ** | Jun low | S3 | 1.1113 | ** | 14 Oct YTD low | |
| R1 | 1.1275 | * | 2023 year high | S4 | 1.1100 | * | congestion |
Asterisk denotes strength of level
01:45 GMT - Little change, as prices extend consolidation below the 1.1275 resistance. Mixed daily studies suggest ranging action here expected to extend though a later break higher cannot be ruled out to retrace losses from the 1.1710, August high. Above the 1.1275 resistance will open up room for extension to strong resistance at the 1.1325/50 June/July lows where reaction can be expected. Meanwhile, support remains at the 1.1200/1.1150 congestion area which should underpin. Failure here will expose 1.1113 low to retest and further retrace the 2025/2026 rally.