Published: 2025-12-12T01:27:55.000Z
Chart EUR/USD Update: Extending gains, focus on 1.1800/30 resistance
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Break of resistance at the 1.1700/28 area further extend gains from the 1.1470/1.1500 November lows
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1918 | ** | 17 Sep YTD high | S1 | 1.1700 | * | congestion | |
| 14 | 1.1900 | * | figure | S2 | 1.1682 | * | 4 Dec high | |
| R2 | 1.1800/30 | ** | congestion, Jul high | S3 | 1.1650 | ** | congestion | |
| R1 | 1.1780 | congestion | S4 | 1.1615/00 | ** | 9 Dec low, congestion |
Asterisk denotes strength of level
01:20 GMT - Break of resistance at the 1.1700/28 area further extend gains from the 1.1470/1.1500 November lows. Positive daily and weekly studies suggest scope for further gains ahead with focus turning to the strong resistance at the 1.1800/30, congestion and July high. Clearance here will return focus to the 1.1918, September current year high. Meanwhile, support is raised to the 1.1700/1.1682 area and this extend to strong support at 1.1650 congestion which should now underpin and sustain bullish gains from the November lows.