Published: 2025-10-28T08:39:53.000Z
Chart EUR/USD Update: Edging higher
2
Cautious trade is drifting higher, with prices currently trading around 1.1660
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1820 | * | 23 Sep (w) high | S1 | 1.1600 | * | congestion | |
| R3 | 1.1800 | * | congestion | S2 | 1.1542 | ** | 9 Oct (w) low | |
| R2 | 1.1728 | 17 Oct (w) high | S3 | 1.1500 | ** | congestion | ||
| R1 | 1.1700 | * | congestion | S4 | 1.1400 | ** | cong, Jul-Aug (m) lows |
*Asterisk denotes strength of level
08:30 GMT - Cautious trade is drifting higher, with prices currently trading around 1.1660. Daily readings have turned positive and oversold weekly stochastics are flattening, suggesting room for continuation towards congestion resistance at 1.1700. Just higher is the 1.1728 weekly high of 17 October. But by-then overbought daily stochastics and the bearish weekly Tension Indicator are expected to limit any initial tests in renewed selling interest/consolidation. Meanwhile, support remains down to congestion around 1.1600, and should underpin any immediate tests lower.