Published: 2026-10-06T01:36:35.000Z
Chart EUR/USD Update: Consolidating above fresh year low
1
No follow-through on break of the 1.1210/00 support as prices bounce from fresh year low at 1.1161 to unwind oversold intraday studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1450 | * | congestion | S1 | 1.1210/00 | ** | 2024 yr high, congestion | |
| R3 | 1.1410 | ** | Mar low | S2 | 1.1161 | * | 5 Oct YTD low | |
| R2 | 1.1325/50 | ** | June low, congestion | S3 | 1.1130 | * | 50% 2025/2026 rally | |
| R1 | 1.1285 | 2 Oct high | S4 | 1.1065 | * | May 2025 low |
Asterisk denotes strength of level
01:30 GMT - No follow-through on break of the 1.1210/00 support as prices bounce from fresh year low at 1.1161 to unwind oversold intraday studies. Daily studies are stretched as well and caution bounce to correct sharp losses from the 1.1710 August high. Resistance starts at the 1.1285/1.1300 area and lift over this will open up room for stronger bounce to strong resistance at the 1.1325/50, June low and congestion area. Above here, will see scope for stronger gains to 1.1410 March low. Meanwhile, break of the 1.1161 low will see room to 1.1130, 50% Fibonacci retracement.