Published: 2026-01-09T01:16:03.000Z
Chart EUR/USD Update: Extending corrective pullback from December high
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Extending pullback from the December high to reach strong support at the 1.1650 congestion
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1918 | ** | 17 Sep 2025 year high | S1 | 1.1650 | ** | congestion | |
| 14 | 1.1800/30 | ** | congestion, Jul high | S2 | 1.1615/00 | ** | 9 Dec low, congestion | |
| R2 | 1.1750 | * | congestion | S3 | 1.1550 | * | congestion | |
| R1 | 1.1700 | * | congestion | S4 | 1.1500 | * | figure |
Asterisk denotes strength of level
01:10 GMT - Extending pullback from the December high to reach strong support at the 1.1650 congestion. Negative daily and weekly studies keeps pressure on the downside and suggest room for extension to further retrace gains from the November low. Lower will see room to support at the 1.1615/1.1600 congestion area which is expected to underpin. Corrective pullback is expected to give way to renewed buying interest later with resistance starting at the 1.1700 level. Regaining this will return focus to the upside for retest of the 1.1800 December high and further extend the November gains.