Published: 2025-11-21T01:34:22.000Z
Chart EUR/USD Update: Consolidating test of 1.1500 level
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Consolidating test of the 1.1500 level as prices unwind oversold intraday studies and bearish momentum slows
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1700 | * | congestion | S1 | 1.1500 | * | congestion | |
| 14 | 1.1650 | ** | 25 Sep low, congestion | S2 | 1.1470 | ** | 5 Nov low | |
| R2 | 1.1600 | * | congestion | S3 | 1.1400 | ** | Jul, Aug lows | |
| R1 | 1.1550 | * | congestion | S4 | 1.1300 | * | congestion |
Asterisk denotes strength of level
01:30 GMT - Consolidating test of the 1.1500 level as prices unwind oversold intraday studies and bearish momentum slows. However, the downside remains vulnerable and break here will see room to retest the 1.1470 low. Would expect reaction here but break cannot be ruled out to extend the losses from 1.1918, September current year high. Meanwhile, resistance at the 1.1550/1.1600 congestion area now expected to cap. Only above here will ease the downside pressure and see room for stronger bounce to retest the 1.1650 swing high.