Published: 2026-02-16T08:37:56.000Z
Chart EUR/USD Update: Consolidating - studies under pressure
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Still little change
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.2082 | ** | 27 Jan YTD high | S1 | 1.1838 | * | 4 Feb high | |
| R3 | 1.2000/20 | ** | figure; 38.2% ret | S2 | 1.1800 | * | congestion | |
| R2 | 1.1950 | break level | S3 | 1.1770 | ** | 61.8% ret of January rally | ||
| R1 | 1.1900 | * | congestion | S4 | 1.1750 | ** | congestion |
*Asterisk denotes strength of level
08:30 GMT - Still little change, as prices extend cautious trade above support at 1.1838. Intraday studies are under pressure and daily readings are mixed/negative, highlighting room for further losses in the coming sessions. A break below 1.1838 will open up congestion support at 1.1800. But rising weekly charts should limit any immediate tests beneath here in consolidation above the 1.1770 Fibonacci retracement. Meanwhile, resistance remains at congestion around 1.1900. A close above here, if seen, would help to stabilise price action and prompt consolidation beneath 1.1950.