Published: 2026-05-12T10:23:56.000Z
Chart EUR/CAD Update: Room for a test higher
2
Little change, as prices extend cautious trade around 1.6100
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.6250~ | ** | 14 Apr (m) high | S1 | 1.6000 | * | break level | |
| R3 | 1.6200 | ** | break level | S2 | 1.5950 | * | break level | |
| R2 | 1.6150 | * | break level | S3 | 1.5900 | congestion | ||
| R1 | 1.6100 | ** | break level | S4 | 1.5855 | ** | 61.8% ret of Mar-Apr rally |
Asterisk denotes strength
11:10 BST - Little change, as prices extend cautious trade around 1.6100. Daily readings continue to rise, highlighting room for a break above here towards 1.6150. But flattening overbought daily stochastics should limit any immediate tests in consolidation, before improving weekly charts prompt any further gains. A close above here would improve sentiment and open up a test of 1.6200. Meanwhile, support remains down to 1.6000 and should underpin any immediate setbacks.