Published: 2026-01-02T01:26:10.000Z
Chart EUR/USD Update: Extend consolidation within 1.1800/1.1700 area
2
Extending consolidation within the 1.1800/1.1700 area following rejection from retest of the 1.1800 resistance
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1200 | * | congestion | S1 | 1.1700 | * | congestion | |
| 14 | 1.1918 | ** | 17 Sep YTD high | S2 | 1.1682 | * | 4 Dec high | |
| R2 | 1.1900 | * | figure | S3 | 1.1650 | ** | congestion | |
| R1 | 1.1800/30 | ** | congestion, Jul high | S4 | 1.1615/00 | ** | 9 Dec low, congestion |
Asterisk denotes strength of level
01:20 GMT - Extending consolidation within the 1.1800/1.1700 area following rejection from retest of the 1.1800 resistance. Mixed daily studies suggest further ranging below the latter likely to extend. Would take break here and the 1.1830 July high to clear the way for retest of the 1.1918, September 2025 year high. Above the latter will extend the broader gains from the September 2022 year low to the 1.2000 level. Meanwhile, support at the 1.1700/1.1682 area should underpin. Would take break to see room for deeper pullback to retrace gains from the November low.