Published: 2026-11-05T01:52:12.000Z
Chart EUR/USD Update: Room to extend gains
2
Break above the 1.1200 level has seen prices extending bounce from the 1.1105 current year low to reach 1.1275 resistance
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1410 | ** | Mar low | S1 | 1.1200 | * | congestion | |
| R3 | 1.1350 | * | congestion | S2 | 1.1150 | * | congestion | |
| R2 | 1.1325 | ** | Jun low | S3 | 1.1105 | ** | 29 Oct YTD low | |
| R1 | 1.1275 | * | 2023 year low | S4 | 1.1065 | * | May 2025 low |
Asterisk denotes strength of level
01:45 GMT - Break above the 1.1200 level has seen prices extending bounce from the 1.1105 current year low to reach 1.1275 resistance. Clearance here will confirm a double bottom at the 1.1113/05 October lows and see room for stronger recovery to retrace sharp losses from the 1.1710 August high. Break will turn focus to strong resistance at the 1.1325/50, June/July lows. Higher still, will see scope to resistance at the 1.1410, March low. Meanwhile, support is raised to the 1.1200 congestion which should underpin and sustain bounce from the 1.1113/05 lows.