Published: 2026-01-15T01:14:37.000Z
Chart EUR/USD Update: Consolidating, but room for lower
1
Extend consolidation above support at the 1.1615/00 area but pressure remains on the downside
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1918 | ** | 17 Sep 2025 year high | S1 | 1.1615/00 | ** | 9 Dec low, congestion | |
| 14 | 1.1800/30 | ** | congestion, Jul high | S2 | 1.1550 | * | congestion | |
| R2 | 1.1750 | * | congestion | S3 | 1.1500 | * | figure | |
| R1 | 1.1700 | * | congestion | S4 | 1.1470 | ** | Nov low |
Asterisk denotes strength of level
01:10 GMT - Extend consolidation above support at the 1.1615/00 area but pressure remains on the downside from the 1.1800, December high. The flag pattern and negative daily and weekly studies suggest consolidation giving to fresh selling pressure later to further retrace the November/December gains. Lower will open up room for deeper pullback to 1.1550 and 1.1500 congestion area. Meanwhile, resistance at the 1.1700 level expected to cap. Would need to regain this to set up scope for retest of the 1.1750 congestion then the 1.1800, December high.