Published: 2026-01-23T01:50:25.000Z
Chart EUR/USD Update: Room to extend gains
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Consolidation around the 1.1700 level has given way to bounce to approach the 1.1768 Tuesday's high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.2000 | * | figure | S1 | 1.1700 | * | congestion | |
| 14 | 1.1918 | ** | Sep 2025 year high | S2 | 1.1670/50 | * | 22 Jan low, congestion | |
| R2 | 1.1800/30 | ** | congestion, Jul high | S3 | 1.1600 | * | congestion | |
| R1 | 1.1768 | * | 20 Jan YTD high | S4 | 1.1576 | ** | 19 Jan YTD low |
Asterisk denotes strength of level
01:40 GMT - Consolidation around the 1.1700 level has given way to bounce to approach the 1.1768 Tuesday's high. Break here will extend strong gains from the Monday's 1.1576 low to retest the 1.1800 level. Clearance here, will further extend the November gains and return focus to the 1.1918, September 2025 year high. Break here will extend the broader gains from the 2022 year low and retrace losses from the 2008 high. Meanwhile, support is raised to the 1.1700 congestion which should now underpin and sustain gains from the 1.1576 low.