Published: 2025-11-19T01:21:15.000Z
Chart EUR/USD Update: Edging lower from 1.1650 resistance
-
Edging lower as prices extend pullback from the 1.1650 congestion area to retrace gains from the 1.1470 low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1800/30 | ** | congestion, Jul high | S1 | 1.1542 | * | 9, 14 Oct lows | |
| 14 | 1.1728 | * | 17 Oct high | S2 | 1.1500 | * | congestion | |
| R2 | 1.1700 | * | congestion | S3 | 1.1470 | ** | 5 Nov low | |
| R1 | 1.1650 | * | congestion | S4 | 1.1400 | ** | Jul, Aug lows |
Asterisk denotes strength of level
01:15 GMT - Edging lower as prices extend pullback from the 1.1650 congestion area to retrace gains from the 1.1470 low. Daily studies are unwinding overbought readings and lower will see room to support at the 1.1550/42 area which is expected to underpin and give way to renewed buying interest later. Break here will return focus to the 1.1500 level and 1.1470 low. Meanwhile, resistance remains at the 1.1650 congestion. Would take break here to open up room for stronger gains to retrace losses from the 1.1918, September current year high.