Published: 2026-10-13T01:40:10.000Z
Chart EUR/USD Update: Extending losses to fresh year low
1
Consolidation above 1.1161 low has given way to renewed selling pressure to reach fresh year low at 1.1150
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1350 | * | congestion | S1 | 1.1130 | * | 50% 2025/2026 rally | |
| R3 | 1.1325 | ** | Jun low | S2 | 1.1100 | * | congestion | |
| R2 | 1.1250/85 | * | congestion, 2 Oct high | S3 | 1.1065 | * | May 2025 low | |
| R1 | 1.1200 | * | congestion | S4 | 1.1000 | ** | figure |
Asterisk denotes strength of level
01:30 GMT - Consolidation above 1.1161 low has given way to renewed selling pressure to reach fresh year low at 1.1150. Below here will further extend losses to retrace gains from the January 2025 year low and see room for extension to the 1.1130, 50% Fibonacci retracement, and the 1.1100 level. However, daily studies remains stretched and caution corrective bounce with resistance now lowered to the 1.1200 level. Regaining this needed to ease the downside pressure and see room for stronger bounce to 1.1250/1.1285 area and 1.1325, June low.