Published: 2026-10-09T01:07:58.000Z
Chart EUR/USD Update: Extending consolidation above 1.1161 low
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Extending choppy trade above the 1.1161 Monday's low as prices consolidate losses from the August high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1450 | * | congestion | S1 | 1.1161 | ** | 5 Oct YTD low | |
| R3 | 1.1410 | ** | Mar low | S2 | 1.1130 | * | 50% 2025/2026 rally | |
| R2 | 1.1325/50 | ** | June low, congestion | S3 | 1.1100 | * | congestion | |
| R1 | 1.1285 | 2 Oct high | S4 | 1.1065 | * | May 2025 low |
Asterisk denotes strength of level
01:00 GMT - Extending choppy trade above the 1.1161 Monday's low as prices consolidate losses from the August high. Daily studies are unwinding oversold readings and suggest scope for bounce to retest the 1.1285/1.1300 resistance. Would need to clear this to open up room to strong resistance at the 1.1325/50, June low and congestion area. Above here, will see scope to the 1.1410 March low. Meanwhile, support at the 1.1210/1.1161 area should underpin. Failure here will open up room for extension to the nearby 1.1130 Fibonacci retracement and 1.1100 level.