Published: 2026-03-09T01:42:21.000Z
Chart EUR/USD Update: Break to fresh year low
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Weak start see prices extending losses through the 1.1530 low of last week to reach fresh low just above the 1.1500 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1765 | ** | 6 Feb low, congestion | S1 | 1.1500 | * | congestion | |
| 14 | 1.1700 | * | congestion | S2 | 1.1469 | ** | Nov low | |
| R2 | 1.1650 | * | congestion | S3 | 1.1400 | ** | congestion | |
| R1 | 1.1600 | * | congestion | S4 | 1.1355 | * | 38.2% 2025/Jan rally |
Asterisk denotes strength of level
01:35 GMT - Weak start see prices extending losses through the 1.1530 low of last week to reach fresh low just above the 1.1500 level. Negative daily and weekly charts suggest consolidation here giving way to renewed selling pressure later to retest strong support at the 1.1469, Novermber low. Would expect reaction here but a later break cannot be ruled out to further retrace rally from the January 2025 year low. Meanwhile, resistance is lowered to the 1.1578/1.1600, January low and congestion area, which is expected to cap.