Published: 2025-10-09T01:49:57.000Z
Chart EUR/USD Update: Consolidating test of 1.1600 support
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Break of the 1.1645 support has seen extension to tag support at the 1.1600 level before turning up in consolidation
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1918 | ** | 17 Sep YTD high | S1 | 1.1600 | ** | congestion | |
| 14 | 1.1830 | ** | Jul high | S2 | 1.1570 | * | Apr high | |
| R2 | 1.1800 | * | congestion | S3 | 1.1500 | * | congestion | |
| R1 | 1.1700 | * | congestion | S4 | 1.1400/91 | ** | Jul, Aug lows |
Asterisk denotes strength of level
01:40 GMT - Break of the 1.1645 support has seen extension to tag support at the 1.1600 level before turning up in consolidation. However, negative daily and weekly studies suggest this giving way to renewed selling pressure later to further retrace the January/September rally. Break of the 1.1600/1.1570 support will open up room to the 1.1500 level. Below this will see potential for retest of the 1.1400/1.1391, July/August lows. Meanwhile, resistance is lowered to the 1.1700 level which is expected to cap and sustain losses from the 1.1918, September YTD high.