Published: 2025-10-02T01:28:16.000Z
Chart EUR/USD Update: Bounce see strong resistance at 1.1800/30
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Edged higher 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 | 1.1700 | congestion | ||
| 14 | 1.1918 | ** | 17 Sep YTD high | S2 | 1.1645 | * | 25 Sep low | |
| R2 | 1.1830 | ** | Jul high | S3 | 1.1600 | ** | congestion | |
| R1 | 1.1800 | * | congestion | S4 | 1.1570 | * | congestion |
Asterisk denotes strength of level
01:20 GMT - Edged higher 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 see room to extend corrective bounce to strong resistance at the 1.1800/30 area which is expected to cap and give way to fresh selling pressure later. Below the 1.1700 level and 1.1645 low, will open up room for deeper pullback to retrace the August/September rally. Lower will see room to strong support at the 1.1600/1.1570 area and 1.1500 congestion.