Published: 2025-11-06T01:51:51.000Z
Chart EUR/USD Update: Consolidating, lower later
-
Edged up from the 1.1470 low to consolidate at the 1.1500 level as prices unwind oversold intraday studies
| 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
01:45 GMT - Edged up from the 1.1470 low to consolidate at the 1.1500 level as prices unwind oversold intraday studies. Daily chart are stretched as well and suggest scope for bounce here to correct losses from above the 1.1645 high of last week. Nearby see resistance at 1.1542 and extending to the 1.1600 congestion. This area is expected to cap and give way to renewed selling pressure later. Below the 1.1470 low will see scope to 1.1450 congestion but focus will turn to the strong support at 1.1400, July/August lows, where reaction can be expected.