Published: 2026-10-05T01:45:30.000Z
Chart EUR/USD Update: Still weak, but stretched
1
Edged up in range from the 1.1215 fresh year low as prices unwind oversold intraday studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1450 | * | congestion | S1 | 1.1215 | ** | 1 Oct YTD low | |
| R3 | 1.1410 | ** | Mar low | S2 | 1.1200 | * | congestion | |
| R2 | 1.1325/50 | ** | June low, congestion | S3 | 1.1180 | * | channel | |
| R1 | 1.1300 | * | congestion | S4 | 1.1130 | * | 50% 2025/2026 rally |
Asterisk denotes strength of level
01:40 GMT - Edged up in range from the 1.1215 fresh year low as prices unwind oversold intraday studies. Daily studies are stretched as well and caution bounce to correct sharp losses from the 1.1710 August high. Resistance starts at the 1.1300 level and lift over this needed to open up room for stronger bounce to strong resistance at the 1.1325/50 June low and congestion area, which is expected to cap. Break here will see scope for stronger gains to 1.1410 March low. Meanwhile, break of the 1.1215 low will see room to 1.1180 channel support and 1.1130, 50% Fibonacci level.