Published: 2026-06-09T11:00:47.000Z
Chart EUR/CAD Update: Gains to remain limited
1
The anticipated minor pullback has reached congestion support at 1.6050
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.6300 | ** | congestion | S1 | 1.6100 | ** | break level | |
| R3 | 1.6250~ | ** | 14 Apr (m) high | S2 | 1.6050 | congestion | ||
| R2 | 1.6200 | ** | congestion | S3 | 1.6000 | * | break level | |
| R1 | 1.6150 | * | break level | S4 | 1.5940 | * | 20 May (w) low |
Asterisk denotes strength
11:55 BST - The anticipated minor pullback has reached congestion support at 1.6050, where rising intraday studies are prompting a bounce back above 1.6100. Immediate focus is on resistance at 1.6150. But negative daily readings should limit any initial tests in consolidation, before rising weekly charts prompt further strength. A close above 1.6150 will improve sentiment and extend early-May gains towards congestion around 1.6200. Meanwhile, support remains down to 1.6050 and should underpin any immediate setbacks.