Published: 2025-11-28T01:22:50.000Z
Chart EUR/USD Update: Room to extend bounce from 1.1500 support
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Struggling to regain the 1.1600 level following bounce from the 1.1500 support
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1728 | 17 Oct high | S1 | 1.1550 | * | congestion | ||
| 14 | 1.1700 | * | congestion | S2 | 1.1500 | * | congestion | |
| R2 | 1.1650 | ** | 25 Sep low, congestion | S3 | 1.1470 | ** | 5 Nov low | |
| R1 | 1.1600 | * | congestion | S4 | 1.1400 | ** | Jul, Aug lows |
Asterisk denotes strength of level
01:15 GMT - Struggling to regain the 1.1600 level following bounce from the 1.1500 support. Daily and weekly studies are tracking higher and suggest eventual break here to open up room for extension to the strong resistance at 1.1650 congestion and where reaction can be expected. A later clearance, if seen, will extend bounce from the 1.1500/1.1470 support and retrace losses from the September YTD high. Meanwhile, support is raised to the 1.1550 congestion which should underpin and sustain bounce from the 1.1500 level.