Published: 2025-10-15T01:29:30.000Z
Chart EUR/USD Update: Consolidating, room for lower later
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Little change, as prices extend consolidation around the 1.1600 level following bounce from 1.1542 low last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1830 | * | Jul high | S1 | 1.1570 | * | Apr high | |
| 14 | 1.1800 | ** | congestion | S2 | 1.1542 | * | 9 Oct low | |
| R2 | 1.1700 | * | congestion | S3 | 1.1500 | * | congestion | |
| R1 | 1.1645 | ** | 25 Sep low | S4 | 1.1400/91 | ** | Jul, Aug lows |
Asterisk denotes strength of level
01:25 GMT - Little change, as prices extend consolidation around the 1.1600 level following bounce from 1.1542 low last week to unwind the oversold intraday and daily studies. The resulting pennant pattern suggest this giving way to renewed selling pressure later to extend pullback from the 1.1918, September current year high. Break of the 1.1570/42 support will see room for extension to the 1.1500 level. Meanwhile, resistance at the 1.1645 low of 25 September is expected to cap and sustain losses from the 1.1918 high.