Published: 2025-12-30T13:20:15.000Z
Chart EUR/CAD Update: Consolidating - studies under pressure
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Little change, as mixed intraday studies keep near-term sentiment cautious
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.6300 | * | congestion | S1 | 1.6100 | * | congestion | |
| R3 | 1.6250 | congestion | S2 | 1.6065 | * | 8 Dec (w) low | ||
| R2 | 1.6200 | * | congestion | S3 | 1.6035 | ** | 61.8% ret of Jul-Oct rally | |
| R1 | 1.6150 | * | congestion | S4 | 1.6000 | * | congestion |
Asterisk denotes strength
12:50 GMT - Little change, as mixed intraday studies keep near-term sentiment cautious and extend consolidation within the 1.6100 - 1.6150 range. Daily readings are under pressure, highlighting room for a test below congestion support at 1.6100. Focus will turn to the 1.6065 weekly low of 8 December, where by-then oversold daily stochastics could prompt fresh range trade. Broader weekly charts are negative, however, pointing to room for a later break beneath here and extension of mid-October losses initially towards the 1.6035 Fibonacci retracement. Meanwhile, congestion resistance at 1.6150 should cap any immediate tests higher.