Published: 2026-06-17T11:04:37.000Z
Chart EUR/CAD Update: Price action remains positive
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Little change, as prices extend pressure on strong resistance at the 1.6250~ monthly high of 14 April
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.6468 | ** | 17 Oct 2025 (y) high | S1 | 1.6200 | ** | congestion | |
| R3 | 1.6393 | ** | 27 Jan YTD high | S2 | 1.6150 | * | break level | |
| R2 | 1.6300 | ** | congestion | S3 | 1.6100 | ** | break level | |
| R1 | 1.6250~ | ** | 14 Apr (m) high | S4 | 1.6050 | congestion |
Asterisk denotes strength
11:50 BST - Little change, as prices extend pressure on strong resistance at the 1.6250~ monthly high of 14 April. Daily stochastics continue to rise and the daily Tension Indicator is also positive, highlighting room for a break above here and continuation of March gains towards congestion around 1.6300. However, already overbought daily stochastics could limit any initial tests in fresh consolidation, before rising weekly charts prompt further gains. Meanwhile, support remains at congestion around 1.6200. A close beneath here, if seen, would stabilise sentiment and prompt consolidation above 1.6150.