Published: 2025-12-19T08:41:44.000Z
Chart EUR/USD Update: Leaning lower
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Cautious trade is giving way to a fresh drift lower
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1919 | ** | 17 Sep YTD high | S1 | 1.1700 | * | congestion | |
| R3 | 1.1815 | ** | 76.4% ret of Sep-Nov fall | S2 | 1.1650 | * | congestion | |
| R2 | 1.1800 | * | congestion | S3 | 1.1600 | * | congestion | |
| R1 | 1.1750 | congestion | S4 | 1.1550 | * | break level |
*Asterisk denotes strength of level
08:30 GMT - Cautious trade is giving way to a fresh drift lower, as intraday studies turn down, with focus on congestion support at 1.1700. Daily stochastics and the daily Tension Indicator continue to fall, highlighting room for a break beneath here towards further congestion around 1.1650. But rising weekly charts should limit any deeper reactions in consolidation above 1.1600. Meanwhile, resistance is at congestion around 1.1750, and should continue to cap any immediate tests higher.