Published: 2025-10-14T01:50:36.000Z
Chart EUR/USD Update: Extend consolidation above 1.1542 low
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Steady in range above the 1.1542 low as prices consolidate losses from the 1.1778 high of 1st October
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1830 | * | Jul high | S1 | 1.1570 | * | Apr high | |
| 14 | 1.1800 | ** | congestion | S2 | 1.1542 | * | 9 Oct low | |
| R2 | 1.1700 | * | congestion | S3 | 1.1500 | * | congestion | |
| R1 | 1.1645 | ** | 25 Sep low | S4 | 1.1400/91 | ** | Jul, Aug lows |
Asterisk denotes strength of level
01:45 GMT - Steady in range above the 1.1542 low as prices consolidate losses from the 1.1778 high of 1st October and unwind oversold intraday and daily studies. The resulting pennant pattern suggest this giving way to renewed selling pressure later. Break of the 1.1570/42 support will see room for extension to the 1.1500 level. Meanwhile, resistance at the 1.1645 low of 25 September is expected to cap and sustain losses from the 1.1918 high. Regaining this will ease the downside pressure and see room for retest of 1.1700 level and 1.1778, 1st October swing high.