Published: 2026-02-11T08:49:28.000Z
Chart EUR/USD Update: Cautious trade
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Little change, as mixed intraday studies keep near-term sentiment cautious
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.2082 | ** | 27 Jan YTD high | S1 | 1.1900 | * | congestion | |
| R3 | 1.2020 | ** | 38.2% ret of 2008-2022 fall | S2 | 1.1838 | * | 4 Feb high | |
| R2 | 1.2000 | ** | figure | S3 | 1.1800 | * | congestion | |
| R1 | 1.1950 | break level | S4 | 1.1770 | ** | 61.8% ret of January rally |
*Asterisk denotes strength of level
08:45 GMT - Little change, as mixed intraday studies keep near-term sentiment cautious and extend consolidation just above congestion support at 1.1900. Daily stochastics are ticking higher and the daily Tension Indicator is also edging higher, suggesting room for further gains towards 1.1950. But positive weekly studies are flattening, suggesting any break above here should meet renewed selling interest towards 1.2000 and the 1.2020 Fibonacci retracement. Meanwhile, a close back below 1.1900 will open up the 1.1838 high of 4 February, where fresh consolidation is expected to appear.