Published: 2025-12-22T08:41:54.000Z
Chart EUR/USD Update: Cautious trade
-
Little change, as prices extend cautious trade within the 1.1700 - 1.1750 range
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1919 | ** | 17 Sep YTD high | S1 | 1.1700 | * | congestion | |
| R3 | 1.1815 | ** | 76.4% ret of Sep-Nov fall | S2 | 1.1650 | * | congestion | |
| R2 | 1.1800 | * | congestion | S3 | 1.1600 | * | congestion | |
| R1 | 1.1750 | congestion | S4 | 1.1550 | * | break level |
*Asterisk denotes strength of level
08:30 GMT - Little change, as prices extend cautious trade within the 1.1700 - 1.1750 range. Intraday studies are turning higher, highlighting room for a test of congestion resistance at 1.1750, where negative daily readings are expected to promote renewed consolidation. A break, if seen, will open up further congestion around 1.1800, where negative weekly charts should prompt fresh selling pressure. Meanwhile, any immediate tests below congestion support should be limited in consolidation above further congestion around 1.1650.