Published: 2025-12-04T01:31:32.000Z
Chart EUR/USD Update: Extending November gains
1
Consolidation below resistance at the 1.1650 congestion has given way to break to extend from the 1.1500/1.1470 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 - Consolidation below resistance at the 1.1650 congestion has given way to break to extend from the 1.1500/1.1470 November lows. Clearance opens up room for stronger gains to retrace the September/November losses and see room to resistance at the 1.1700 congestion and 1.1728, high of 17 October. Beyond this will turn focus to strong resistance at 1.1800/30 level and July high. Meanwhile, support is raised to the 1.1650/1.1600 congestion area which is expected to underpin and sustain bounce from the 1.1500/1.1470 lows.