Published: 2025-11-26T08:50:38.000Z
Chart EUR/USD Update: Edging higher
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The anticipated break higher has reached congestion resistance at 1.1600
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1728 | ** | 17 Oct (w) high | S1 | 1.1550 | * | break level | |
| R3 | 1.1700 | * | congestion | S2 | 1.1500 | ** | congestion | |
| R2 | 1.1650 | * | congestion | S3 | 1.1470~ | ** | 5 Nov (w) low | |
| R1 | 1.1600 | * | congestion | S4 | 1.1400 | ** | break level |
*Asterisk denotes strength of level
08:30 GMT - The anticipated break higher has reached congestion resistance at 1.1600, where mixed intraday studies are prompting short-term reactions. Daily readings are turning higher, highlighting room for a break above here towards further congestion around 1.1650. But mixed weekly charts are expected to limit any initial tests in renewed consolidation. Meanwhile, support is raised to 1.1550. A close beneath here would turn sentiment neutral once again and prompt consolidation above critical support within the 1.1470~ weekly low of 5 November and congestion around 1.1500.