Chart EUR/USD Update: Extend choppy trade within a 6-week range area
Rejection from resistance at the 1.1250/75 area see prices settling back in consolidation to extend the choppy trade within a 6-week range area
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1350 | * | congestion | S1 | 1.1150/30 | * | congestion, 6 Nov low | |
| R3 | 1.1325 | ** | Jun low | S2 | 1.1105 | ** | 29 Oct YTD low | |
| R2 | 1.1275 | ** | 2023 year low | S3 | 1.1065 | * | May 2025 low | |
| R1 | 1.1250 | * | congestion | S4 | 1.1000 | ** | figure |
Asterisk denotes strength of level
01:50 GMT - Rejection from resistance at the 1.1250/75 area see prices settling back in consolidation to extend the choppy trade within a 6-week range area. Pullback see support at the 1.1150/30 congestion area ahead of the 1.1105, late-October current year low. Only break of the latter will further extend losses from the January year high. Meanwhile, choppy trade above the latter see prices tracing out a potential bottom pattern. Would take break of the 1.1275 resistance to turn focus higher to retrace sharp losses from the 1.1710 August high. Clearance will see room to strong resistance at the 1.1325/50 June/July lows then the 1.1410, March low.