Published: 2025-11-04T01:34:05.000Z
Chart EUR/USD Update: Extending losses
-
Prices remain under pressure and break of the 1.1542 support see the 1.1500 level now at risk
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1778 | * | 1 Oct high | S1 | 1.1500 | * | congestion | |
| 14 | 1.1700/30 | ** | congestion, 6 Oct high | S2 | 1.1450 | * | congestion | |
| R2 | 1.1645 | * | 25 Sep low | S3 | 1.1400 | ** | Jul, Aug lows | |
| R1 | 1.1600 | * | congestion | S4 | 1.1250 | * | 38.2% Jan/Sep rally |
Asterisk denotes strength of level
01:25 GMT - Prices remain under pressure and break of the 1.1542 support see the 1.1500 level now at risk as prices extend the broader losses from the 1.1918, September current year high. Lower will see scope to 1.1450 but focus will turn to the strong support at 1.1400, July/August lows. Meanwhile, resistance is lowered to the 9 October low at 1.1542, now expected to cap. Regaining this will open up room for retest of strong resistance at 1.1600/1.1645 congestion area. Regaining this needed to fade the downside pressure and open up room for stronger recovery to retrace losses from the September high.