Published: 2026-01-15T08:36:09.000Z
Chart EUR/USD Update: Sentiment turning down
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Cautious trade has given way to a drift lower
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1800 | * | congestion | S1 | 1.1618 | 9 Jan (w) low | ||
| R3 | 1.1750 | * | congestion | S2 | 1.1600 | ** | congestion, 61.8% ret | |
| R2 | 1.1700 | * | congestion | S3 | 1.1550 | ** | 76.4% ret of Nov-Dec rally | |
| R1 | 1.1650 | * | congestion | S4 | 1.1500 | ** | congestion |
*Asterisk denotes strength of level
08:30 GMT - Cautious trade has given way to a drift lower, as intraday studies turn down, with prices currently balanced around 1.1630. Daily readings have turned down and broader weekly charts are also under pressure, highlighting room for further losses in the coming sessions. Focus is turning to strong support within the 1.1600/18 range. A close beneath here will add weight to sentiment and extend late-December losses towards the 1.1550 Fibonacci retracement. Meanwhile, resistance remains at congestion around 1.1650. A close above here, if seen, will help to stabilise price action and prompt consolidation beneath further congestion around 1.1700.