Published: 2026-10-20T01:42:59.000Z
Chart EUR/USD Update: Consolidating, room for higher later
1
Settled back from approach of the 1.1275 resistance to consolidate at the 1.1200 level
| 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 | 1.1113 | ** | 14 Oct YTD low | |
| R1 | 1.1275 | * | 2023 year high | S4 | 1.1100 | * | congestion |
Asterisk denotes strength of level
01:40 GMT - Settled back from approach of the 1.1275 resistance to consolidate at the 1.1200 level. Mixed daily studies suggest consolidation here likely to extend but a later bounce cannot be ruled out to retrace losses from the 1.1710, August high. Would take break above the 1.1275 resistance to open up room for extension to strong resistance at the 1.1325/50 June/July lows where reaction can be expected. Meanwhile, support at the 1.1200/1.1150 congestion area should underpin. Failure here will expose 1.1113 low to retest and further retrace the 2025/2026 rally.