Published: 2026-06-11T11:02:56.000Z
Chart EUR/CAD Update: Immediate gains to remain limited
-
Anticipated minor tests lower have not been seen
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.6250~ | ** | 14 Apr (m) high | S1 | 1.6050 | congestion | ||
| R3 | 1.6200 | ** | congestion | S2 | 1.6000 | * | break level | |
| R2 | 1.6150 | * | break level | S3 | 1.5940 | * | 20 May (w) low | |
| R1 | 1.6100 | ** | break level | S4 | 1.5900 | ** | congestion |
Asterisk denotes strength
11:50 BST - Anticipated minor tests lower have not been seen, as intraday studies turn higher and prompt a bounce back to resistance at 1.6100. Negative daily stochastics are flattening, suggesting room for continuation towards resistance at 1.6150. But the negative daily Tension Indicator should limit any initial tests in consolidation, before rising weekly charts promote further gains. A close above 1.6150 will improve sentiment and extend early-May gains towards congestion around 1.6200. Meanwhile, support remains at congestion around 1.6050 and should underpin any immediate setbacks.