Published: 2026-10-12T01:42:38.000Z
Chart EUR/USD Update: Consolidating at 1.1161 current year low
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Little change, as prices extend choppy trade above 1.1161 current year low seen last week and consolidate losses from the August high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1450 | * | congestion | S1 | 1.1161 | ** | 5 Oct YTD low | |
| R3 | 1.1410 | ** | Mar low | S2 | 1.1130 | * | 50% 2025/2026 rally | |
| R2 | 1.1325/50 | ** | June low, congestion | S3 | 1.1100 | * | congestion | |
| R1 | 1.1250/85 | * | congestion, 2 Oct high | S4 | 1.1065 | * | May 2025 low |
Asterisk denotes strength of level
01:40 GMT - Little change, as prices extend choppy trade above 1.1161 current year low seen last week and consolidate losses from the August high. Daily studies are unwinding oversold readings and suggest scope for bounce to 1.1250/1.1285 area. Would need to clear this to open up room for extension to strong resistance at the 1.1325/50, June low and congestion area. Above here, will see scope to the 1.1410 March low. Meanwhile, support at the 1.1210/1.1161 area should underpin. Failure here will open up room for extension to 1.1130 Fibonacci retracement and 1.1100 level.