Published: 2025-10-28T01:36:33.000Z
Chart EUR/USD Update: Edging higher in consolidation
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Edging higher in consolidation above the 1.1600 level to break the 1.1645 resistance
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1830 | * | Jul high | S1 | 1.1600 | * | congestion | |
| 14 | 1.1800 | ** | congestion | S2 | 1.1542 | ** | 9 Oct low | |
| R2 | 1.1778 | * | 1 Oct high | S3 | 1.1500 | * | congestion | |
| R1 | 1.1700/30 | ** | congestion, 6 Oct high | S4 | 1.1400 | ** | Jul, Aug lows |
Asterisk denotes strength of level
01:25 GMT - Edging higher in consolidation above the 1.1600 level to break the 1.1645 resistance. Daily studies have turned positive and suggest room for stronger gains to resistance at the 1.1700/30 area. Clearance here will extend the broader gains from the 1.1542 low and see room for extension to the 1.1778 resistance but potential will be to the strong resistance at 1.1800/30 congestion and July high. Meanwhile, support at the 1.1600/1.1577 area now expected to underpin and sustain bounce from the 1.1542 low.