Published: 2026-01-19T01:27:22.000Z
Chart EUR/USD Update: Consolidating the December losses
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A lower opening has given way to bounce from the 1.1576 low as prices unwind oversold intraday studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1800/30 | ** | congestion, Jul high | S1 | 1.1576 | intraday low | ||
| 14 | 1.1750 | * | congestion | S2 | 1.1550 | * | congestion | |
| R2 | 1.1700 | ** | congestion | S3 | 1.1500 | * | figure | |
| R1 | 1.1650 | * | congestion | S4 | 1.1470 | ** | Nov low |
Asterisk denotes strength of level
01:20 GMT - A lower opening has given way to bounce from the 1.1576 low as prices unwind oversold intraday studies. Daily studies are stretched as well and suggest room for stronger gains to retrace losses from the 1.1800 resistance and December high. Nearby see resistance at 1.1650 and clearance here will open up room for stronger gains to strong resistance at the 1.1700 congestion which is expected to cap. Meanwhile, break of the 1.1576 low will open up room for extension to support at 1.1550 congestion. Below this will turn focus to the November lows at 1.1500/1.1470.