Published: 2026-11-02T01:26:26.000Z
Chart EUR/USD Update: Limited above 1.1200 level
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Bounce from fresh year low at 1.1105 has seen gains to test resistance at the 1.1200 congestion
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1350 | * | congestion | S1 | 1.1150 | * | congestion | |
| R3 | 1.1325 | ** | Jun low | S2 | 1.1105 | ** | 29 Oct YTD low | |
| R2 | 1.1275 | * | 2023 year low | S3 | 1.1065 | * | May 2025 low | |
| R1 | 1.1200 | * | congestion | S4 | 1.1000 | ** | figure, congestion |
Asterisk denotes strength of level
01:25 GMT - Bounce from fresh year low at 1.1105 has seen gains to test resistance at the 1.1200 congestion. Daily studies have turned up to unwind oversold reading and suggest scope for break here to open up room for stronger gains to retest at the 1.1250/75 area. Above the latter will confirm a double bottom at the 1.1113/05 lows and see room for stronger recovery to retrace losses from the 1.1710 August high. Higher will see scope to strong resistance at the 1.1325/50, June/July lows. Meanwhile, support is raised to the 1.1150 congestion which should sustain bounce from the 1.1113/05 lows.