Published: 2026-04-22T11:29:24.000Z
Chart EUR/CAD Update: Room for lower in the coming sessions
1
Little change, as prices extend cautious trade above support at the 1.6022/25 lows from 2-6 April
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.6250 | * | congestion | S1 | 1.6022/25 | * | 2-6 Apr lows | |
| R3 | 1.6200 | * | congestion | S2 | 1.6000/05 | ** | break level; 38.2% ret | |
| R2 | 1.6150 | * | congestion | S3 | 1.5935 | ** | 50% ret of Mar-Apr rally | |
| R1 | 1.6100 | ** | break level | S4 | 1.5855 | ** | 61.8% ret of Mar-Apr rally |
Asterisk denotes strength
11:50 BST - Little change, as prices extend cautious trade above support at the 1.6022/25 lows from 2-6 April. Daily readings remain under pressure and overbought weekly stochastics are turning down, highlighting room for further losses in the coming sessions. A break below 1.6022/25 will open up 1.6000/05, with room for continuation of mid-April losses towards the 1.5935 Fibonacci retracement. Meanwhile, resistance remains at 1.6100. A close above here, if seen, would help to stabilise price action and prompt consolidation beneath congestion around 1.6150.