Published: 2025-12-09T08:44:22.000Z
Chart EUR/USD Update: Consolidating
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Little change, as mixed intraday studies keep near-term sentiment cautious
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1728 | ** | 17 Oct (w) high | S1 | 1.1600 | * | congestion | |
| R3 | 1.1700 | * | congestion | S2 | 1.1550 | * | break level | |
| R2 | 1.1682 | * | 4 Dec (w) high | S3 | 1.1500 | ** | congestion | |
| R1 | 1.1650 | * | congestion | S4 | 1.1470~ | ** | 5 Nov (m) low |
*Asterisk denotes strength of level
08:25 GMT - Little change, as mixed intraday studies keep near-term sentiment cautious and extend cautious/choppy trade beneath congestion resistance at 1.1650. Daily readings are under pressure, highlighting room for a drift lower and retest of congestion support at 1.1600. But rising weekly charts are expected to limit any further losses in renewed buying interest/consolidation above the 1.1550 break level. Following cautious trade, fresh gains are looked for. But a close above the 1.1682 weekly high of 4 December is needed to improve sentiment and extend November gains, initially into resistance within 1.1700/28.