Published: 2026-02-04T01:25:57.000Z
Chart EUR/USD Update: Consolidating at 1.1800/1.1770 support
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No follow-through on break of the 1.1800 level as prices steadied above support at 1.1770, 20 January high and 61.8% Fibonacci level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.2083 | ** | 27 Jan YTD high | S1 | 1.1800 | * | congestion | |
| 14 | 1.2000 | * | congestion | S2 | 1.1770 | * | 20 Jan high, 61.8% | |
| R2 | 1.1900/20 | ** | congestion, 2025 yr high | S3 | 1.1700 | * | congestion | |
| R1 | 1.1850 | * | congestion | S4 | 1.1650 | * | congestion |
Asterisk denotes strength of level
01:20 GMT - No follow-through on break of the 1.1800 level as prices steadied above support at 1.1770, 20 January high and 61.8% Fibonacci level. Bounce see resistance starting at 1.1850 congestion then the 1.1900/20 level September 2025 year high. Clearance here is needed to revive the upside focus and open up the 1.2000 figure and 1.2083 high to retest. Meanwhile, support at the 1.1800/1.1770 congestion and 61.8% Fibonacci level should now underpin. Failure will open up room for deeper pullback to the 1.1700 congestion.