Published: 2026-03-31T10:43:51.000Z
Chart EUR/CAD Update: Consolidating - background studies rising
1
The minor pullback from strong resistance at 1.6000 has bounced from support at 1.5950
| 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 - The minor pullback from strong resistance at 1.6000 has bounced from support at 1.5950, as intraday studies turn higher, with focus once again on 1.6000. Flat overbought daily stochastics highlight potential for further consolidation beneath here, before the positive daily Tension Indicator and rising weekly charts prompt a break. A close above here would turn sentiment positive and extend March gains towards 1.6095/00. Meanwhile, a close below 1.5950, if seen, would stabilise price action and prompt consolidation above congestion support at 1.5900.