Published: 2026-01-14T01:36:14.000Z
Chart EUR/USD Update: Consolidating, room for lower later
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Extend choppy trade above the 1.1615/00 support to consolidate losses from the 1.1800, December high
| 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
01:30 GMT - Extend choppy trade above the 1.1615/00 support to consolidate losses from the 1.1800, December high. The resulting flag pattern and negative daily and weekly studies suggest this 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 return focus to the upside and sets up scope for retest of the 1.1750 congestion then the 1.1800, December high.