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Published: 2025-10-06T07:53:53.000Z

Chart EUR/USD Update: Leaning lower

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1

Cautious trade around 1.1700 is giving way to a break lower

 LevelsImpComment  LevelsImpComment
R41.1918**17 Sep YTD high S11.1650*congestion
R31.1900**historic congestion S21.1600**congestion
R21.1800*congestion S31.1500**congestion
R11.1700*congestion S41.1400**congestion

*Asterisk denotes strength of level

08:40 BST - Cautious trade around 1.1700 is giving way to a break lower, as intraday studies turn down, with selling interest currently focused on congestion around 1.1650. Daily readings are under pressure and broader weekly charts are also turning down, highlighting room for further losses in the coming sessions. A break below 1.1650 will add weight to sentiment and open up congestion around 1.1600, where oversold daily stochastics could prompt fresh consolidation. Meanwhile, a close above 1.1700 would help to stabilise price action and prompt consolidation beneath 1.1800.

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Topics
EUR/USD-TA
DM-Technical
Technical Analysis

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