Published: 2026-03-30T10:33:37.000Z
Chart EUR/CAD Update: Range trade - background studies rising
2
Little change, as flat overbought daily stochastics keep sentiment cautious
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.6250 | congestion | S1 | 1.5950 | * | recent lows | ||
| R3 | 1.6200/10 | ** | congestion; 76.4% ret | S2 | 1.5900 | * | congestion | |
| R2 | 1.6095/00 | ** | 61.8% ret; break level | S3 | 1.5850 | * | congestion | |
| R1 | 1.6000 | ** | congestion, 50% ret | S4 | 1.5800 | * | congestion |
Asterisk denotes strength
11:25 BST - Little change, as flat overbought daily stochastics keep sentiment cautious and extend consolidation within the 1.5950 - 1.6000 range. The daily Tension Indicator continues to rise and broader weekly charts are positive, highlighting room for further gains in the coming sessions. But a close above the 1.6000 Fibonacci retracement and congestion is needed to turn sentiment positive and extend March gains towards 1.6095/00. Meanwhile, a close below the 1.5950 recent lows, if seen, would stabilise price action and prompt consolidation above congestion support at 1.5900.