Published: 2025-10-27T01:45:24.000Z
Chart EUR/USD Update: Turned higher in consolidation
1
Turning higher in consolidation around the 1.1600 level as prices edge up to the pressure resistance at 1.1645
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1800 | ** | congestion | S1 | 1.1600 | * | congestion | |
| 14 | 1.1778 | * | 1 Oct high | S2 | 1.1542 | ** | 9 Oct low | |
| R2 | 1.1700/28 | * | congestion, 17 Oct high | S3 | 1.1500 | * | congestion | |
| R1 | 1.1645 | * | 25 Sep low | S4 | 1.1400 | ** | Jul, Aug lows |
Asterisk denotes strength of level
01:35 GMT - Turning higher in consolidation around the 1.1600 level as prices edge up to the pressure resistance at 1.1645. Daily studies have turned positive and suggest scope for break here to open up room for stronger gains to resistance at the 1.1700/28 area. Clearance here will see room to the 1.1778 resistance but potential will be seen to strong resistance at the 1.1800/30 congestion and July high. Meanwhile, support at the 1.1600/1.1577 congestion now expected to underpin and sustain bounce from the 1.1542 low.