Published: 2025-12-09T01:47:20.000Z
Chart EUR/USD Update: Leaning lower in consolidation from 1.1682 high
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Leaning lower from the 1.1682 high as prices consolidate gains from the 1.1470/1.1500 November lows
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1918 | ** | 17 Sep YTD high | S1 | 1.1600 | * | congestion | |
| 14 | 1.1800/30 | ** | congestion, Jul high | S2 | 1.1550 | * | congestion | |
| R2 | 1.1728 | 17 Oct high | S3 | 1.1500 | * | congestion | ||
| R1 | 1.1700 | * | congestion | S4 | 1.1470 | ** | 5 Nov low |
Asterisk denotes strength of level
01:40 GMT - Leaning lower from the 1.1682 high as prices consolidate gains from the 1.1470/1.1500 November lows. Prices are unwinding overbought intraday and daily studies but this is expected to give way renewed buying interest later. Higher will see room to target resistance at the 1.1700/28 area. Clearance here will turn focus to strong resistance at the 1.1800/30 level and July high. Meanwhile, support at the 1.1600 congestion is expected to underpin and only break here will fade the upside pressure and see room for deeper pullback to consolidate at the 1.1550/00 support.