Published: 2026-03-26T11:56:34.000Z
Chart EUR/CAD Update: Consolidating March gains - studies rising
1
Prices continue to consolidate beneath strong resistance at 1.6000
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.6250 | congestion | S1 | 1.5900 | * | congestion | ||
| R3 | 1.6200/10 | ** | congestion; 76.4% ret | S2 | 1.5850 | * | congestion | |
| R2 | 1.6095/00 | ** | 61.8% ret; break level | S3 | 1.5800 | * | congestion | |
| R1 | 1.6000 | ** | congestion, 50% ret | S4 | 1.5700 | * | congestion |
Asterisk denotes strength
11:15 GMT - Prices continue to consolidate beneath strong resistance at 1.6000 as intraday studies tick lower and overbought daily stochastics flatten. However, the daily Tension Indicator continues to rise and oversold weekly stochastics are unwinding, suggesting room for a later break above here and extension of March gains towards 1.6095/00. Already overbought daily stochastics and the negative weekly Tension Indicator could limit any tests of here in profit-taking/consolidation. Meanwhile, support remains at congestion around 1.5900 and should underpin any immediate setbacks.