Published: 2025-12-11T08:46:52.000Z
Chart EUR/USD Update: Extending gains
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Anticipated gains have reached congestion resistance at 1.1700
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1800 | * | congestion | S1 | 1.1650 | * | congestion | |
| R3 | 1.1750 | ** | 61.8% ret of Sep-Nov fall | S2 | 1.1600 | * | congestion | |
| R2 | 1.1728 | ** | 17 Oct (w) high | S3 | 1.1550 | * | break level | |
| R1 | 1.1700 | * | congestion | S4 | 1.1500 | ** | congestion |
*Asterisk denotes strength of level
08:30 GMT - Anticipated gains have reached congestion resistance at 1.1700, where overbought intraday studies are prompting short-term reactions. Daily readings have ticked higher and broader weekly charts are rising, highlighting room for continuation towards the 1.1728 weekly high of 17 October, ahead of the 1.1750 Fibonacci retracement. Meanwhile, support is raised to congestion around 1.1650. A close beneath here, if seen, will help to stabilise price action and prompt consolidation above further congestion around 1.1600.