Published: 2026-03-04T12:16:21.000Z
Chart EUR/CAD Update: Consolidating losses - studies under pressure
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Anticipated losses have met buying interest around 1.5835
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.6100 | * | congestion | S1 | 1.5835 | 3 Mar low | ||
| R3 | 1.6061/65 | * | Dec-Feb range lows | S2 | 1.5800 | minor congestion | ||
| R2 | 1.6000 | ** | congestion | S3 | 1.5765 | * | 30 July (m) low | |
| R1 | 1.5900 | minor congestion | S4 | 1.5700/10 | ** | cong; 38.2% ret |
Asterisk denotes strength
11:45 GMT - Anticipated losses have met buying interest around 1.5835, as intraday studies turn higher, with prices currently balanced in cautious trade beneath congestion resistance at 1.5900. A test above here cannot be ruled out. But negative daily readings and bearish weekly charts should limit scope in renewed selling interest beneath further congestion around 1.6000. Following cautious trade, fresh losses are looked for. A later break below 1.5835 will open up congestion support at 1.5800. Continuation beneath here will extend October 2025 losses initially towards the 1.5765 monthly low of 30 July.