Published: 2026-10-19T01:54:26.000Z
Chart EUR/USD Update: Consolidating below 1.1275 resistance
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Settled back from approach of the 1.1275 resistance as prices consolidate bounce from the 1.1113 current year low of 14 October
| 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
01:45 GMT - Settled back from approach of the 1.1275 resistance as prices consolidate bounce from the 1.1113 current year low of 14 October. Daily studies have turned up from oversold areas and suggest scope for stronger bounce to retrace losses from the 1.1710, August high. Clearing the 1.1275 resistance will 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. Only below these will expose 1.1113 low to retest and further retrace the 2025/2026 rally.