Published: 2026-03-02T01:47:23.000Z
Chart EUR/USD Update: Lower in consolidation to retest 1.1770/42 support
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Lower opening below the 1.1800 level has seen prices back to retest strong support at the 1.1770/1.1742 area
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.2000 | * | congestion | S1 | 1.1770 | * | congestion | |
| 14 | 1.1900/20 | ** | congestion, 2025 year high | S2 | 1.1742 | ** | 19 Feb low | |
| R2 | 1.1850 | * | congestion | S3 | 1.1700 | * | congestion | |
| R1 | 1.1830 | * | Jul high, congestion | S4 | 1.1650 | * | congestion |
Asterisk denotes strength of level
01:40 GMT - Lower opening below the 1.1800 level has seen prices back to retest strong support at the 1.1770/1.1742 area. Mixed daily studies suggest ranging action likely to extend. Would take break here to extend losses from the 1.2083 January current year high and see deeper pullback to retrace the January gains towards 1.1700 support. Meanwhile, resistance remains at the 1.1830 congestion. Would take break here to open up room for extension to the 1.1850 congestion and strong resistance at the 1.1900/20 area.