Published: 2025-10-21T01:47:03.000Z
Chart EUR/USD Update: Leaning lower from 1.1728 bounce high
3
Settled back from the 1.1728/30 high and 50% Fibonacci level as prices unwind overbought intraday studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1830 | * | Jul high | S1 | 1.1645 | * | 25 Sep low | |
| 14 | 1.1800 | ** | congestion | S2 | 1.1600 | * | congestion | |
| R2 | 1.1775/80 | * | congestion, 61.8% | S3 | 1.1542 | ** | 9 Oct low | |
| R1 | 1.1700/28 | * | congestion, 17 Oct high | S4 | 1.1500 | * | congestion |
Asterisk denotes strength of level
01:40 GMT - Settled back from the 1.1728/30 high and 50% Fibonacci level as prices unwind overbought intraday studies. Pressure return to the 1.1645 support and break here will see room for pullback to the 1.1600 congestion. Below this will return focus to the downside for retest of the 1.1542 low and see room for deeper pullback to retrace the January/September rally. Meanwhile, resistance at the 1.1700/28 area now expected to cap and extend bearish structure from the 1.1918, September current year high.