Published: 2025-10-31T01:57:07.000Z
Chart EUR/USD Update: Consolidating above 1.1542 support, but still heavy
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Break of the 1.1600 level has seen deeper pullback to approach strong support at 1.1542, 9 October low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1800 | ** | congestion | S1 | 1.1542 | ** | 9 Oct low | |
| 14 | 1.1778 | * | 1 Oct high | S2 | 1.1500 | * | congestion | |
| R2 | 1.1700/30 | ** | congestion, 6 Oct high | S3 | 1.1400 | ** | Jul, Aug lows | |
| R1 | 1.1645 | * | 25 Sep low | S4 | 1.1250 | * | 38.2% Jan/Sep rally |
Asterisk denotes strength of level
01:50 GMT - Break of the 1.1600 level has seen deeper pullback to approach strong support at 1.1542, 9 October low. Consolidation here see prices unwinding oversold intraday studies but a later break cannot be ruled out. Break here will extend the broader losses from the 1.1918 September current year high and see room to the 1.1500 level. Lower still, will turn focus to the 1.1400, July/August lows. Meanwhile, resistance remains at 1.1645. Regaining this will open up room for retest of strong resistance at the 1.1700/30 area and where break is needed to fade the downside pressure.