Published: 2025-12-10T08:39:09.000Z
Chart EUR/USD Update: Immediate gains to remain limited
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Still little change
| 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 - Still little change, as prices extend cautious/choppy trade within the 1.1600 - 1.1650 range. Rising intraday studies are prompting a retest of congestion resistance at 1.1650, with a break opening up the 1.1682 weekly high of 4 December. However, mixed/negative daily readings are expected to limit any initial tests in consolidation, before rising weekly charts extend gains still further. A break above here would improve sentiment and extend November gains, initially into resistance within 1.1700/28. Meanwhile, support remains at congestion around 1.1600. A break beneath here, if seen, should give way to consolidation above support at the 1.1550 break level.