Published: 2026-01-16T01:54:54.000Z
Chart EUR/USD Update: Extending December losses
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Extending pullback from the 1.1800 December high to pressure support at the 1.1615/00 area
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1800/30 | ** | congestion, Jul high | S1 | 1.1615/00 | ** | 9 Dec low, congestion | |
| 14 | 1.1750 | * | congestion | S2 | 1.1550 | * | congestion | |
| R2 | 1.1700 | * | congestion | S3 | 1.1500 | * | figure | |
| R1 | 1.1650 | * | congestion | S4 | 1.1470 | ** | Nov low |
Asterisk denotes strength of level
01:50 GMT - Extending pullback from the 1.1800 December high to pressure support at the 1.1615/00 area. The negative daily and weekly studies highlights risk for break here to further retrace the November/December gains. Lower will open up room for extension to support at 1.1550 congestion. Below this will return focus to the November lows at 1.1500/1.1470. Meanwhile, resistance is lowered to the 1.1650/1.1700 congestion area which is expected to cap. Would need to regain this to revive the upside focus and see room to retest the 1.1750 congestion then the 1.1800, December high.