Published: 2025-10-20T07:34:50.000Z
Chart EUR/USD Update: Limited tests lower
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The anticipated break below 1.1700 has reached 1.1650
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1820 | * | 23 Sep (w) high | S1 | 1.1600 | ** | congestion | |
| R3 | 1.1800 | * | congestion | S2 | 1.1542 | 9 Oct (w) low | ||
| R2 | 1.1728 | 17 Oct (w) high | S3 | 1.1500 | ** | congestion | ||
| R1 | 1.1700 | * | congestion | S4 | 1.1400 | ** | cong, Jul-Aug (m) lows |
*Asterisk denotes strength of level
08:25 BST - The anticipated break below 1.1700 has reached 1.1650, where fresh consolidation is developing. Intraday studies are mixed/negative, suggesting room for a test beneath here. But rising daily readings are expected to limit initial scope in consolidation above congestion around 1.1600. Meanwhile, resistance is at congestion around 1.1700 and extends to the 1.1728 weekly high of 17 October. A close above here is needed, not yet seen, to improve sentiment and extend October gains towards congestion around 1.1800.