Published: 2026-02-26T01:50:42.000Z
Chart EUR/USD Update: Extend bounce from 1.1742 low
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Consolidation within the 1.1770/1.1800 range has given way to break to extend bounce from the 1.1742 low of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.2000 | * | congestion | S1 | 1.1800 | * | congestion | |
| 14 | 1.1900/20 | ** | congestion, 2025 year high | S2 | 1.1770 | ** | congestion | |
| R2 | 1.1850 | * | congestion | S3 | 1.1742 | * | 19 Feb low | |
| R1 | 1.1835 | * | 23 Feb high | S4 | 1.1700 | * | congestion |
Asterisk denotes strength of level
01:45 GMT - Consolidation within the 1.1770/1.1800 range has given way to break to extend bounce from the 1.1742 low of last week to approach 1.1835 resistance. Daily studies have turned positive and suggest scope for break here to see extension to resistance at the 1.1850 congestion and strong resistance at the 1.1900/20 area. Meanwhile, support is raised to the 1.1800/1.1770 area which should underpin. Failure here, will return focus to the downside for retest of the 1.1742 low and further retrace the January rally from 1.1576 low.