Published: 2026-05-26T10:13:27.000Z
Chart EUR/CAD Update: Further gains to remain limited
1
Cautious trade has given way to further gains
| 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 | 1.5950 | * | break level | |
| R1 | 1.6100 | ** | break level | S4 | 1.5900 | congestion |
Asterisk denotes strength
11:00 BST - Cautious trade has given way to further gains, with the break above 1.6050 giving way to consolidation beneath resistance at 1.6100. Daily readings have turned positive, highlighting room for a test of 1.6100. But mixed/negative weekly charts should limit any further gains in selling interest/consolidation beneath 1.6150. Meanwhile, support is raised to congestion around 1.6050. A close back beneath here will open up 1.6000, where renewed consolidation is expected to appear.