Published: 2026-06-19T11:36:42.000Z
Chart EUR/CAD Update: Early losses not sustained
1
Choppy trade around 1.6200 has given way to a sharp fall to 1.6160
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.6468 | ** | 17 Oct 2025 (y) high | S1 | 1.6200 | ** | congestion | |
| R3 | 1.6393 | ** | 27 Jan YTD high | S2 | 1.6150 | * | break level | |
| R2 | 1.6300 | ** | congestion | S3 | 1.6100 | ** | break level | |
| R1 | 1.6250~ | ** | 14 Apr (m) high | S4 | 1.6050 | congestion |
Asterisk denotes strength
12:20 BST - Choppy trade around 1.6200 has given way to a sharp fall to 1.6160, before bouncing back into consolidation above 1.6200. Oversold intraday studies are rising, highlighting room for a drift higher. But deteriorating daily readings are expected to limit initial scope in fresh consolidation beneath the 1.6250~ monthly high of 14 April. Broader weekly charts are rising, but a close above here is needed to turn sentiment positive and extend March gains towards congestion around 1.6300. Meanwhile, a close below support at 1.6150, if seen, will extend losses towards 1.6100.