Published: 2025-11-11T01:22:11.000Z
Chart EUR/USD Update: Consolidating below 1.1600
1
Settled back from approach of the 1.1600 level as prices consolidate gains from the 1.1470 low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1800/30 | ** | congestion, Jul high | S1 | 1.1542 | * | 9, 14 Oct lows | |
| 14 | 1.1700/30 | ** | congestion, 6 Oct high | S2 | 1.1470 | * | 5 Nov low | |
| R2 | 1.1645 | * | 25 Sep low | S3 | 1.1400 | ** | Jul, Aug lows | |
| R1 | 1.1600 | * | congestion | S4 | 1.1350 | * | congestion |
Asterisk denotes strength of level
01:20 GMT - Settled back from approach of the 1.1600 level as prices consolidate gains from the 1.1470 low. Positive daily studies suggest room for stronger gains to correct losses from above the 1.1700 high. Above the 1.1600 level will see room to the resistance at 1.1645 low of 25 September then the 1.1700 level. Meanwhile, support is at the 1.1542 which now underpin. Would take break here and the 1.1470 low of last week to open up room for deeper pullback to strong support at 1.1400/1.1390, July/August lows.