Published: 2026-10-07T01:28:06.000Z
Chart EUR/USD Update: Scope for stronger bounce
1
Higher in consolidation above the 1.1210/00 support as prices extend bounce from fresh year low at 1.1161
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1450 | * | congestion | S1 | 1.1210/00 | ** | 2024 yr high, congestion | |
| R3 | 1.1410 | ** | Mar low | S2 | 1.1161 | ** | 5 Oct YTD low | |
| R2 | 1.1325/50 | ** | June low, congestion | S3 | 1.1130 | * | 50% 2025/2026 rally | |
| R1 | 1.1285 | 2 Oct high | S4 | 1.1065 | * | May 2025 low |
Asterisk denotes strength of level
01:25 GMT - Higher in consolidation above the 1.1210/00 support as prices extend bounce from fresh year low at 1.1161. Intraday and daily studies have turned up to unwind oversold readings and suggest scope for stronger bounce to correct sharp losses from the 1.1710 August high. Resistance starts at the 1.1285/1.1300 area and lift over this will open up room for extension to strong resistance at the 1.1325/50, June low and congestion area. Above here, will see scope to the 1.1410 March low. Meanwhile, support at the 1.1210/00 area and 1.1161 low should underpin.