Published: 2025-10-24T01:36:03.000Z
Chart EUR/USD Update: Drifting narrowly above 1.1600
2
Limited break of the 1.1600 level see prices settling into consolidation here and drifting within a narrow range
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1800 | ** | congestion | S1 | 1.1600 | * | congestion | |
| 14 | 1.1778 | * | 1 Oct high | S2 | 1.1542 | ** | 9 Oct low | |
| R2 | 1.1700/28 | * | congestion, 17 Oct high | S3 | 1.1500 | * | congestion | |
| R1 | 1.1645 | * | 25 Sep low | S4 | 1.1400 | ** | Jul, Aug lows |
Asterisk denotes strength of level
01:30 GMT - Limited break of the 1.1600 level see prices settling into consolidation here and drifting within a narrow range. However, negative daily and weekly studies threatens break here to open up room for retest of the 1.1542 lows. Below this will see room for deeper pullback to retrace the January/September rally to the 1.1500 congestion. Meanwhile, resistance at 1.1645 is expected to cap and sustain pullback from the 1.1728 high of last week as well as the broader bearish structure from 1.1918, September current year high.