Published: 2025-11-26T01:48:20.000Z
Chart EUR/USD Update: Room to extend bounce from 1.1500 support
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Higher in consolidation above the 1.1500 level as prices unwind oversold daily and weekly studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1728 | 17 Oct high | S1 | 1.1500 | * | congestion | ||
| 14 | 1.1700 | * | congestion | S2 | 1.1470 | ** | 5 Nov low | |
| R2 | 1.1650 | ** | 25 Sep low, congestion | S3 | 1.1400 | ** | Jul, Aug lows | |
| R1 | 1.1600 | * | congestion | S4 | 1.1300 | * | congestion |
Asterisk denotes strength of level
01:40 GMT - Higher in consolidation above the 1.1500 level as prices unwind oversold daily and weekly studies and see room for retest of resistance at the 1.1600 level. Higher will open up room for retest of strong resistance at 1.1650. Clearance here will turn focus higher to extend bounce from the 1.1500/1.1470 support to retrace losses from the September YTD high and see room to 1.1700/28 area. Meanwhile, support at the 1.1500/1.1470 higher lows now seen protecting the downside. Only failure here will open up room for deeper pullback to retrace January/September rally.