Published: 2026-02-27T01:42:28.000Z
Chart EUR/USD Update: Extend consolidation at 1.1800
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Little change, as prices extend consolidation at the 1.1800 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.2000 | * | congestion | S1 | 1.1800 | * | congestion | |
| 14 | 1.1900/20 | ** | congestion, 2025 year high | S2 | 1.1770 | ** | congestion | |
| R2 | 1.1850 | * | congestion | S3 | 1.1742 | * | 19 Feb low | |
| R1 | 1.1830 | * | Jul high, congestion | S4 | 1.1700 | * | congestion |
Asterisk denotes strength of level
01:35 GMT - Little change, as prices extend consolidation at the 1.1800 level after bounce attempt met with selling pressure at the 1.1830 resistance. Mixed daily studies suggest ranging action here likely to extend. Would take break here to see extension to the 1.1850 congestion and strong resistance at the 1.1900/20 area. Meanwhile, support remains at the 1.1770/1.1742 area which now underpin. Only break here will open up room for deeper pullback to retrace the strong January rally from 1.1576 low and see room to 1.1700/1.1695, congestion and 76.4% Fibonacci level.