Published: 2026-01-05T01:21:17.000Z
Chart EUR/USD Update: Weighing on 1.1700 support
3
Leaning lower in consolidation as prices extend rejection from the 1.1800 resistance to pressure support at 1.1700
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1200 | * | congestion | S1 | 1.1700 | * | congestion | |
| 14 | 1.1918 | ** | 17 Sep YTD high | S2 | 1.1682 | * | 4 Dec high | |
| R2 | 1.1900 | * | figure | S3 | 1.1650 | ** | congestion | |
| R1 | 1.1800/30 | ** | congestion, Jul high | S4 | 1.1615/00 | ** | 9 Dec low, congestion |
Asterisk denotes strength of level
01:15 GMT - Leaning lower in consolidation as prices extend rejection from the 1.1800 resistance to pressure support at 1.1700. Negative daily studies suggest risk for break here will confirm a double top at the 1.1800 high and open up room for deeper pullback to retrace gains from the November low. Lower will see room to support at the 1.1682/50 area then the 1.1600 congestion. Meanwhile, resistance is lower to the 1.1750 congestion which is expected to cap and sustain pullback from the 1.1800, December high.