Published: 2025-12-05T01:36:56.000Z
Chart EUR/USD Update: Consolidating at 1.1650, room for higher later
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Settled back from 1.1680 high as prices consolidate gains from the 1.1470/1.1500 November lows
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1918 | ** | 17 Sep YTD high | S1 | 1.1600 | * | congestion | |
| 14 | 1.1800/30 | ** | congestion, Jul high | S2 | 1.1550 | * | congestion | |
| R2 | 1.1728 | 17 Oct high | S3 | 1.1500 | * | congestion | ||
| R1 | 1.1700 | * | congestion | S4 | 1.1470 | ** | 5 Nov low |
Asterisk denotes strength of level
01:25 GMT - Settled back from 1.1680 high as prices consolidate gains from the 1.1470/1.1500 November lows and unwind overbought intraday studies. Daily studies are stretched as well and suggest scope for minor pullback. However, this is expected to give way renewed buying interest later to target resistance at the 1.1700/28 area. Clearance here will turn focus to strong resistance at the 1.1800/30 level and July high. Meanwhile, support is at the 1.1600 congestion which is expected to underpin and sustain bounce from the 1.1500/1.1470 lows.