Published: 2025-12-08T01:06:40.000Z
Chart EUR/USD Update: Consolidating below 1.1682 high
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Settled back from the 1.1682 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
01:00 GMT - Settled back from the 1.1682 high as prices consolidate gains from the 1.1470/1.1500 November lows and unwind overbought intraday and daily studies. 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 at the 1.1600 congestion is expected to underpin. Only break here will see room for deeper pullback to consolidate at the 1.1500 support.