Published: 2026-04-17T11:03:59.000Z
Chart EUR/CAD Update: Under pressure
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Anticipated losses have bounced from above support at 1.6100
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.6300 | * | congestion | S1 | 1.6100 | ** | break level | |
| R3 | 1.6250 | * | congestion | S2 | 1.6022/25 | * | 2-6 Apr lows | |
| R2 | 1.6200 | * | congestion | S3 | 1.6000/05 | ** | break leve; 38.2% ret | |
| R1 | 1.6150 | * | congestion | S4 | 1.5935 | ** | 50% ret of Mar-Apr rally |
Asterisk denotes strength
11:50 BST - Anticipated losses have bounced from above support at 1.6100, as oversold intraday studies flatten, with prices currently trading around 1.6135. Daily stochastics are bearish and the daily Tension Indicator is also turning down, highlighting room for further losses in the coming sessions. A break below 1.6100 will add weight to sentiment and open up the 1.6022/25 lows from 2-6 April. But rising weekly charts should limit any deeper losses in consolidation above 1.6000/05. Meanwhile, a close back above congestion resistance at 1.6150 should give way to consolidation beneath further congestion around 1.6200.