Published: 2025-10-01T01:22:35.000Z
Chart EUR/USD Update: Higher in consolidation from 1.1645 low
-
Turned up from the 1.1645 low of last week as prices consolidate losses from the 1.1918, 17 September current year high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.2000 | ** | psychological | S1 | 1.1645 | * | 25 Sep low | |
| 14 | 1.1918 | ** | 17 Sep YTD high | S2 | 1.1600 | ** | congestion | |
| R2 | 1.1830 | ** | Jul high | S3 | 1.1570 | * | congestion | |
| R1 | 1.1800 | * | congestion | S4 | 1.1500 | * | congestion |
Asterisk denotes strength of level
01:20 GMT - Turned up from the 1.1645 low of last week as prices consolidate losses from the 1.1918, 17 September current year high. Daily studies are unwinding oversold readings and suggest scope for stronger corrective bounce to the 1.1800/30 area which is expected to cap and give way to fresh selling pressure later. A later break of the 1.1645 low, will open up room for deeper pullback to retrace the August/September rally and see room to the strong support at the 1.1600/1.1570 area. Lower still, if seen, will see scope to 1.1500 congestion.