Published: 2026-06-10T11:10:01.000Z
Chart EUR/CAD Update: Lower in range
1
Cautious trade around 1.6100 is giving way to a pullback
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.6250~ | ** | 14 Apr (m) high | S1 | 1.6050 | congestion | ||
| R3 | 1.6200 | ** | congestion | S2 | 1.6000 | * | break level | |
| R2 | 1.6150 | * | break level | S3 | 1.5940 | * | 20 May (w) low | |
| R1 | 1.6100 | ** | break level | S4 | 1.5900 | ** | congestion |
Asterisk denotes strength
11:55 BST - Cautious trade around 1.6100 is giving way to a pullback, as overbought intraday studies unwind, with prices currently trading around 1.6080. Negative daily readings highlight room for a test of congestion support at 1.6050. But rising weekly charts should limit any deeper losses in renewed buying interest/consolidation above 1.6000. Meanwhile, resistance is lowered to 1.6100. But a close above 1.6150 is needed to improve sentiment and extend early-May gains towards congestion around 1.6200.