Published: 2026-05-27T12:31:13.000Z
Chart EUR/CAD Update: Pushing higher
1
Cautious trade above congestion support at 1.6050 has given way to further gains
| 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 | 1.5950 | * | break level |
Asterisk denotes strength
13:20 BST - Cautious trade above congestion support at 1.6050 has given way to further gains, with prices currently trading above 1.6100. Daily readings are rising and the weekly Tension Indicator is also positive, highlighting room for continuation towards 1.6150. But flat weekly stochastics and bearish longer-term charts should limit any further gains in renewed selling interest beneath congestion around 1.6200. Meanwhile, support is raised to 1.6100. A close back beneath here will turn sentiment neutral and prompt fresh consolidation above 1.6050.