Published: 2026-02-02T01:25:30.000Z
Chart EUR/USD Update: Extending corrective pullback
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Extending pullback from the 1.2083 high to approach support at the 1.1835/1.1833 gap area
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.2100/50 | ** | congestion | S1 | 1.1833 | * | 23 Jan high, gap | |
| 14 | 1.2083 | ** | 27 Jan YTD high | S2 | 1.1800 | ** | congestion | |
| R2 | 1.2000 | * | congestion | S3 | 1.1768 | 20 Jan high | ||
| R1 | 1.1900/20 | * | congestion, Sep high | S4 | 1.1700 | * | congestion |
Asterisk denotes strength of level
01:20 GMT - Extending pullback from the 1.2083 high to approach support at the 1.1835/1.1833 gap area. Daily studies are unwinding overbought readings and break here will open up room for deeper pullback to retrace gains from the January low to support at 1.1800 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.