Published: 2026-10-30T01:50:59.000Z
Chart EUR/USD Update: Extending bounce from 1.1105 fresh year low
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Extending bounce from fresh year low at 1.1105 to retest the 1.1200 congestion
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1350 | * | congestion | S1 | 1.1150 | * | congestion | |
| 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 | 1.1200 | * | congestion | S4 | 1.1000 | ** | figure, congestion |
Asterisk denotes strength of level
01:45 GMT - Extending bounce from fresh year low at 1.1105 to retest the 1.1200 congestion. Daily studies have turned up to unwind oversold reading and suggest scope for stronger gains to retest at the 1.1250/75 area. Clearance here will confirm a double bottom at the 1.1113/05 lows and open up room for stronger recovery to retrace losses from the 1.1710 August high. Higher will see room to strong resistance at the 1.1325/50, June/July lows. Meanwhile, support is raised to the 1.1150 congestion which should sustain bounce from the 1.1113/05 lows.