Published: 2026-01-14T12:12:17.000Z
Chart EUR/CAD Update: Cautious trade - studies under pressure
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Little change, as prices extend cautious/choppy trade within the 1.6150 - 1.6200 range
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.6340 | ** | 13 Nov (m) high | S1 | 1.6150 | * | congestion | |
| R3 | 1.6300 | * | congestion | S2 | 1.6100 | * | congestion | |
| R2 | 1.6250 | break level | S3 | 1.6061/65 | * | 8-31 Dec (m) lows | ||
| R1 | 1.6200 | * | congestion | S4 | 1.6035 | ** | 61.8% ret of Jul-Oct rally |
Asterisk denotes strength
11:55 GMT - Little change, as prices extend cautious/choppy trade within the 1.6150 - 1.6200 range. Intraday studies are under pressure and overbought daily stochastics are unwinding, highlighting room for a test below congestion support at 1.6150. But the positive daily Tension Indicator and improving weekly charts should limit scope in renewed buying interest/consolidation above further congestion around 1.6100. Meanwhile, a close above congestion resistance at 1.6200 would help to improve sentiment and open up a test of 1.6250.