Published: 2026-03-25T11:53:01.000Z
Chart EUR/CAD Update: Extending March gains
1
Cautious trade has given way to anticipated gains
| 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
11:30 GMT - Cautious trade has given way to anticipated gains, with prices currently pressuring strong resistance at 1.6000. Daily readings continue to rise and oversold weekly stochastics are unwinding, suggesting room for a later break and extension of March gains towards 1.6095/00. However, already overbought daily stochastics and the negative weekly Tension Indicator are expected to limit any tests of here in profit-taking/consolidation. Meanwhile, support is raised to congestion around 1.5900 and should underpin any immediate setbacks.