Published: 2025-11-05T01:56:27.000Z
Chart EUR/USD Update: Room to extend losses
1
Prices remain under pressure with break of the 1.1500 level extending losses from the 1.1918, September current year high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1700/30 | ** | congestion, 6 Oct high | S1 | 1.1450 | * | congestion | |
| 14 | 1.1645 | * | 25 Sep low | S2 | 1.1400 | ** | Jul, Aug lows | |
| R2 | 1.1600 | * | congestion | S3 | 1.1350 | * | congestion | |
| R1 | 1.1542 | * | 9 Oct low | S4 | 1.1250 | * | 38.2% Jan/Sep rally |
Asterisk denotes strength of level
01:50 GMT - Prices remain under pressure with break of the 1.1500 level extending losses from the 1.1918, September current year high. Lower will see scope to 1.1450 but focus will turn to the strong support at 1.1400, July/August lows. Would expect reaction here but break cannot be ruled out to open up deeper pullback to retrace January/September rally. Meanwhile, resistance remains at the 9 October low at 1.1542. Regaining this will see room for bounce to strong resistance at 1.1600/1.1645 congestion area.