Published: 2026-02-03T01:08:01.000Z
Chart EUR/USD Update: Consolidating at 1.1800/1.1768 support
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Limited on break of support at the 1.1800 level as prices unwind oversold intraday studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.2100/50 | ** | congestion | S1 | 1.1800 | ** | congestion | |
| 14 | 1.2083 | ** | 27 Jan YTD high | S2 | 1.1768 | * | 20 Jan high | |
| R2 | 1.2000 | * | congestion | S3 | 1.1700 | * | congestion | |
| R1 | 1.1900/20 | * | congestion, Sep high | S4 | 1.1650 | * | congestion |
Asterisk denotes strength of level
01:00 GMT - Limited on break of support at the 1.1800 level as prices unwind oversold intraday studies and consolidate at the 1.1800/1.1768 area. Daily studies are tracking lower and break here cannot be ruled out. Lower will open up room for deeper pullback to retrace gains from the January low to support at 1.1700 congestion. Corrective pullback are expected to give way to renewed buying interest later with resistance lowered to the 1.1900/20 congestion and September high. Regaining this will return focus to the upside for retest of the 1.2000 level and the 1.2083, January current year high.