Published: 2025-12-16T01:28:06.000Z
Chart EUR/USD Update: Extending November gains
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Still edging higher but momentum slows as intraday studies extend into overbought areas
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1918 | ** | 17 Sep YTD high | S1 | 1.1700 | * | congestion | |
| 14 | 1.1900 | * | figure | S2 | 1.1682 | * | 4 Dec high | |
| R2 | 1.1800/30 | ** | congestion, Jul high | S3 | 1.1650 | ** | congestion | |
| R1 | 1.1780 | congestion | S4 | 1.1615/00 | ** | 9 Dec low, congestion |
Asterisk denotes strength of level
01:20 GMT - Still edging higher but momentum slows as intraday studies extend into overbought areas. Nearby see resistance at 1.1780 and clearance here will further extend gains from the 1.1470 November low to strong resistance at the 1.1800/30, congestion and July high. Clearance here will return focus to the 1.1918, September current year high. Meanwhile, support is at the 1.1700/1.1682 area and this extend to strong support at 1.1650 congestion which is expected to underpin and sustain bullish gains from the November low.