Published: 2025-10-16T01:29:44.000Z
Chart EUR/USD Update: Extending bounce from 1.1542 low
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Consolidation above the 1.1542 low of last week has given way to break of 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 | 1.1750 | * | congestion | S3 | 1.1500 | * | congestion | |
| R1 | 1.1700 | * | congestion | S4 | 1.1400/91 | ** | Jul, Aug lows |
Asterisk denotes strength of level
01:25 GMT - Consolidation above the 1.1542 low of last week has given way to break of the 1.1645 resistance as prices unwind the oversold intraday and daily studies. Nearby see room to congestion at the 1.1700 level then the 1.1750 congestion. Corrective gains are expected to give way to renewed selling pressure later with support starting at 1.1600 level and return below this will expose the 1.1542 low to retest. Below this will see room for deeper pullback to retrace the January/September rally and see room to the 1.1500 level.