Published: 2025-10-10T01:56:10.000Z
Chart EUR/USD Update: Consolidating, room for lower later
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Break of the 1.1600 support has seen extension to support at 1.1570/50, April high and congestion area
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1800 | ** | congestion | S1 | 1.1570 | * | Apr high | |
| 14 | 1.1700 | * | congestion | S2 | 1.1550 | * | congestion | |
| R2 | 1.1645 | ** | 25 Sep low | S3 | 1.1500 | * | congestion | |
| R1 | 1.1600 | * | congestion | S4 | 1.1400/91 | ** | Jul, Aug lows |
Asterisk denotes strength of level
01:45 GMT - Break of the 1.1600 support has seen extension to support at 1.1570/50, April high and congestion area. Consolidation here see prices unwind oversold intraday and daily studies with bounce to see resistance starting at the 1.1600 level and extending to 1.1645, low of 25 September. This area is expected to cap and sustain losses from the 1.1918 high. Negative weekly studies suggest consolidation to give way to fresh selling pressure later. Lower will see room to the 1.1500 level then the 1.1400/1.1391, July/August lows.