Published: 2025-12-03T01:34:53.000Z
Chart EUR/USD Update: Poised for retest of 1.1650 resistance
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Extending consolidation below resistance at the 1.1650 congestion but bullish price action from the 1.1500/1.1470 November lows keeps pressure on the upside
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1800/30 | ** | congestion, Jul high | S1 | 1.1550 | * | congestion | |
| 14 | 1.1728 | 17 Oct high | S2 | 1.1500 | * | congestion | ||
| R2 | 1.1700 | * | congestion | S3 | 1.1470 | ** | 5 Nov low | |
| R1 | 1.1650 | ** | 25 Sep low, congestion | S4 | 1.1400 | ** | Jul, Aug lows |
Asterisk denotes strength of level
01:25 GMT - Extending consolidation below resistance at the 1.1650 congestion but bullish price action from the 1.1500/1.1470 November lows keeps pressure on the upside. Consolidation expected to give way to break and further retrace the September/November losses. Higher will see room to resistance at the 1.1700/28 area. Beyond this will turn focus to strong resistance at 1.1800/30 level and July high. Meanwhile, support remains at the 1.1600/1.1500 congestion area and is seen sustaining bounce from the 1.1500 level.