Published: 2026-01-21T01:33:37.000Z
Chart EUR/USD Update: Consolidating, room to extend gains later
1
Break above 1.1650 resistance has given way to sharp rally above the 1.1700 level to approach strong resistance at 1.1800, December high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.2000 | ** | figure, congestion | S1 | 1.1700 | * | congestion | |
| 14 | 1.1918 | ** | Sep 2025 year high | S2 | 1.1650 | * | 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
01:25 GMT - Break above 1.1650 resistance has given way to sharp rally above the 1.1700 level to approach strong resistance at 1.1800, December high. Prices has settled back from the 1.1768 high to unwind overbought intraday studies. However, positive daily studies suggest this giving way to break later to extend the November gains. Above 1.1800/30 resistance will return focus to the 1.1918, September 2025 year high. Meanwhile, support is raised to the 1.1700 level which should underpin and sustain bounce from the 1.1576, current year low.