Published: 2025-11-12T01:40:48.000Z
Chart EUR/USD Update: Consolidating test of 1.1600
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Settling back in consolidation from test of the 1.1600 level as prices unwind overbought intraday studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1800/30 | ** | congestion, Jul high | S1 | 1.1542 | * | 9, 14 Oct lows | |
| 14 | 1.1700/30 | ** | congestion, 6 Oct high | S2 | 1.1470 | * | 5 Nov low | |
| R2 | 1.1645 | * | 25 Sep low | S3 | 1.1400 | ** | Jul, Aug lows | |
| R1 | 1.1600 | * | congestion | S4 | 1.1350 | * | congestion |
Asterisk denotes strength of level
01:35 GMT - Settling back in consolidation from test of the 1.1600 level as prices unwind overbought intraday studies. However, daily studies remains positive and suggest room to extend gains from the 1.1470 low to correct losses from above the 1.1700 high. Higher will see room to the resistance at 1.1645 low of 25 September then the 1.1700 level. Meanwhile, support at 1.1542 now underpin. Would take break here and the 1.1470 low of last week to open up room for deeper pullback to strong support at 1.1400/1.1390, July/August lows.