Chart EUR/USD Update: Lower in consolidation
Limited break of the 1.1645 resistance has seen prices settling back to retest the 1.1600 level and 1.1577 low of last week
| 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 | 1.1700/30 | ** | congestion, 6 Oct high | S3 | 1.1500 | * | congestion | |
| R1 | 1.1645 | * | 25 Sep low | S4 | 1.1400 | ** | Jul, Aug lows |
Asterisk denotes strength of level
01:15 GMT - Limited break of the 1.1645 resistance has seen prices settling back to retest the 1.1600 level and 1.1577 low of last week. Daily studies have turned mixed and threatens break here to expose the 1.1542 low to retest. Break here, if seen, will extend the broader losses from the 1.1918 September current year high to the 1.1500 level. Meanwhile, resistance remains at 1.1645. Regaining this will open up room for retest of strong resistance at the 1.1700/30 area. Clearance will extend the broader gains from the 1.1542 low and see room for extension to the 1.1778 resistance and the strong resistance at 1.1800/30 congestion and July high.