Published: 2026-10-01T07:48:14.000Z
Chart EUR/USD Update: Extending broad January losses
3
Choppy trade has given way to anticipated losses
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1500 | * | congestion | S1 | 1.1280/00 | ** | break level; congestion | |
| R3 | 1.1450 | congestion | S2 | 1.1200 | ** | break level | ||
| R2 | 1.1400 | ** | congestion | S3 | 1.1130 | ** | 50% ret of 2025-2026 rally | |
| R1 | 1.1325 | ** | 24 Jun (m) low | S4 | 1.1100 | figure |
*Asterisk denotes strength of level
08:30 BST - Choppy trade has given way to anticipated losses, with broad losses from the 1.2083 current year high of 27 January trading at fresh year lows. Daily stochastics have ticked lower and the daily Tension Indicator is bearish, highlighting room for a test of support down to 1.1280. But bearish weekly charts point to a further break and continuation down to strong support at 1.1200.
Meanwhile, resistance is lowered to the 1.1325 monthly low of 24 June. A close above here, if seen, will help to stabilise price action and prompt consolidation beneath congestion around 1.1400.