Published: 2025-10-15T11:01:19.000Z
Chart EUR/CAD Update: Limited tests higher
1
Choppy trade has given way to a break above 1.6300
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.6590 | ** | 61.8% ret of 1995-2012 fall | S1 | 1.6300 | * | historic congestion | |
| R3 | 1.6500 | * | historic congestion | S2 | 1.6200 | * | congestion | |
| R2 | 1.6400 | ** | 3 Oct YTD high, congestion | S3 | 1.6150 | ** | 38.2% ret of Jul-Oct rally | |
| R1 | 1.6350 | current day high | S4 | 1.6100 | ** | congestion |
Asterisk denotes strength
11:40 BST - Choppy trade has given way to a break above 1.6300, with prices reaching 1.6350 before settling back as overbought intraday studies unwind. Daily readings have turned higher, suggesting room for further strength in the coming sessions. But bearish weekly charts should limit scope in renewed selling interest beneath critical resistance at the 1.6400 current year high of 3 October. Following cautious trade, fresh losses are looked for. A later break back below 1.6300 will open up further congestion around 1.6200. A further close beneath here will add weight to sentiment and extend October losses towards the 1.6150 Fibonacci retracement.